Real Estate Refinance

Refinancing is a process that involves obtaining a new loan to pay off a current one. Usually with a refinance loan, the goal is to have a better interest rate and better terms than the current loan.

There are several reasons why people may wish to refinance their mortgage loan. A homeowner might want a lower interest rate or could want to improve their credit score. Other reasons could be to consolidate debt or decrease the equity in the home to have some flexibility with cash or a line of credit.