Mortgage Refinance
While the choice to refinance a mortgage is often unfavorable, there is reasonable cause as to why a homeowner may go down this path. The process of refinancing a mortgage means you have made the decision to pay off a loan that already exists by replacing it with a new one. Possible reasons you choose to refinance may include:
Debt consolidation
Shortening a payment term
Switching between an adjustable-rate or fixed-rate
Procuring finances for another purchase
