Tuesday, October 4, 2016

Mortgage Refinancing - FAQ

What is Mortgage Refinancing?

Mortgage refinancing means paying out the existing mortgage or mortgages and replacing them with a new mortgage or mortgages.  Ultimately when you refinance the mortgage you are changing the terms of the mortgage.  You might be changing the term, mortgage amount, amortization period or conditions.  When your mortgage comes up for renewal it is considered a transfer/switch if you decide to get a mortgage with another lender unless you decide to change the mortgage in any way.

Refinancing can help you reduce monthly payments

Are you finding you don't have anything left over at the end of the month after paying all those monthly bills? Use the equity you have built in your home to help manage your debt. Consolidation can help you manage your monthly cash flow and relieve the financial pressure. A mortgage broker can help you with debt consolidation, and show you mortgage options that will help you regain control.

Refinancing can help you pay off high interest credit card debt

Are you only making minimum monthly payments on your high interest credit cards, loans or lines of credit? Mortgage interest rates are still at record lows. Now is the time to take advantage of the equity you have in your home and pay down your high interest debt while actually saving thousands.

Refinance to Plan and build for your financial future

No extra cash available to help build your financial future. We can help you free up cash so you do have funds to invest for your retirement and your family's financial future.  By refinancing you might be able to get yourself low interest money you might not otherwise have access to.  


Contact us today online, in person or by phone and let us help you achieve your financial goals!!

Check out my webpage on Mortgage Refinancing.  http://www.shawnmooney.com/refinance

Shawn Mooney |Bayfield Mortgage Professionals Ltd.
Broker of Record
Your Mortgage Broker for Life
Bus. # 403-945-8769 | Mobile # 403-828-1838

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