Despite mortgage rates being higher than they’ve been the past few years, refinancing your mortgage could save you money every month by consolidating credit card debt and car payments into your mortgage payment. You can merge higher interest debts into one manageable payment with a lower interest rate.
If you own a home, accessing the equity in your home to pay off high interest loans can free up cashflow each month! Using your equity to increase your financial well-being can be a strong financial strategy. Refinancing your mortgage gives you access to the equity in your home and involves renegotiating your current loan agreement.
If you have any questions regarding the effects of rising rates on your mortgage, your mortgage payments or if your mortgage is renewing soon, I can offer you the right advice. I have access to many mortgage solutions from traditional and non-traditional lenders and can help you navigate market changes and ensure you are still on track to achieve your short- and long- term financial goals. Remember it is more than just about the interest rate!
For a free consultation reach out to me today!