Ready to pay less in interest on your mortgage and lower your monthly payments? A refinance may be the right step for you.

A mortgage refinance is the replacement of an existing mortgage with another mortgage under different terms. Mortgage refinancing can lower your monthly payments, which can add up to significant savings. However, it’s important to note that refinancing your mortgage may result in higher total finance charges over the life of the loan.

Reasons to consider a mortgage refinance:

• Reduce your monthly mortgage payment: Mortgage rates are still very low. A refinance with The Broker may help you lower your payment and possibly save you money. Please keep in mind that while your monthly payments may decrease, the total cost of the loan could increase depending on the terms.
• Consolidate high-interest debt: You could pay off those higher-interest debts by refinancing with a lower rate. Even with less-than-perfect credit, we can help you lower your monthly payment and pay off your higher-interest debt. By consolidating your payments into one low monthly payment, you can pay less each month, lower your debt, and improve your credit score. However, consider that extending the loan term may increase the total interest paid over time.
• Pay Off Your Mortgage Faster: The shorter the term on your mortgage, the lower your mortgage rate. Did you know that you may be able to take advantage of today’s competitive rates by shortening the term of your loan (which means paying less interest) without a significant change in your monthly payment?

When to Refinance Your Mortgage

We offer information on a variety of mortgage refinancing rates and options. When you are ready to take the next step, contact The Broker. We can advise you on which mortgage refinancing program meets your needs.