When Does It Make Sense To Refinance?

June 1, 2020

When Does It Make Sense To Refinance?

Written by Easy Mortgage

There are many instances when it makes good financial sense to refinance a mortgage instead of just renewing it for another term. When you refinance your home, we will save you as much money as possible by minimizing the amount of interest you pay. Aside from the financial benefits, you will also increase your credit score by consolidating your debts.

Alternatively, refinancing allows you to access cash from the equity that is available in your home. Whether you need the cash to renovate your property and increase the value of your home, or simply take out money for business or future investments, we will give you a product that is designed for you. An Easy Mortgage broker will consult with you and determine which product is suitable for your financial situation. Products such as Home Equity Loans and HELOCs may be great options when the penalty to break your current mortgage is too high. HELOCs are flexible, allowing you to take out cash as needed, when needed.

There are many variables to consider when looking to refinance your home. For this reason it very important that you work with an Easy Mortgage Strategist who understands your financial situation and can recommend the product most suitable for you.