Refinancing
Once you own your home and have mortgage, it is important to periodically conduct a mortgage review to determine if refinancing could assist you in achieving your financial goals.​
Refinancing is the process of receiving a new loan, which is then used to pay off your existing mortgage. There are Several Common Reasons for Refinancing. Do any apply to you?
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Lower Rate
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Want to reduce your monthly payment and put more money into savings?
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Lower Term –
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Are you now able to move from a 30 to 25, 20 or even a 15 year term and save on interest?
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Debt consolidation
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Will paying off high interest credit card balances and student loans lower your overall monthly expenses?
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Cash Out for Other Investments
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Can you use your home’s equity for other financial investments?
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Consolidate 1st and 2nd (HELOC) loans
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Does eliminating a variable rate HELOC fit with your current financial goals?
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College Tuition
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Can you use the equity in your home to fund the cost of a college education?
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Marital Home Buyout
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Going through a divorce that requires a spousal buyout? Stay in your home, while using your home’s equity to help!
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Monument Mortgage can help with an analysis of your refinance options and more.
If refinancing is an option for you, call us today for a complimentary Mortgage Review or contact us below!
