Mortgage Refinance

Refinancing your home mortgage has several benefits to consider when looking at your loan options. You have the opportunity to lower your rate, term, or even consolidate debts. When refinancing your home you will have closing costs associated with this transaction and will need to evaluate if the savings versus the cost is worth it in the long run.  Typically if you are refinancing to a rate 1%-2% lower than your current rate it is well worth taking a look at.