Refinancing your home mortgage provides you with new opportunities and control over your finances. With the new mortgage, you can customize aspects such as the loan term, the type of interest rate, as well as the amount you wish to borrow. Our mortgage professionals are here to understand your current situation and help you decide if refinancing is the best next step for you.
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1By refinancing your current loan, finance charges may be higher over the life of the loan.
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While refinancing your existing home mortgage may lead to savings, making a switch will cost you some money. The cost of refinancing a home mortgage usually varies from 3% to 6% of the amount on your current loan balance. If you want to avoid out-of-pocket expenses, you have the option of potentially rolling the costs into the new loan.
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