Are you thinking about refinancing your mortgage but don’t know if it is the right move for you? While there is no right or wrong answer to this question, the fact remains that there are many benefits associated with refinancing, including:
1. Mortgage refinancing lowers your monthly mortgage payment.
2. The total interest paid on your mortgage could be reduced.
3. You can pay your mortgage off faster.
4. Your better credit could qualify you for lower interest rates.
5. Refinancing lets you unlock the equity in your home.