Benefits of

Mortgage Refinancing

INTRODUCTION

● Swapping or replacing your existing mortgage with a

new one with different terms is called mortgage

refinancing.

● Mortgage refinancing can help you by lowering your

monthly payments, saving you money and reducing the

chance of default.

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WHY CHOOSE MORTGAGE FINANCING?

● Refinancing your mortgage can help save money on your monthly

payment.

● It can be used to pay off high-interest debt thereby unlocking equity

in your home.

● The time taken for payment of home loans can be reduced.

BENEFITS OF MORTGAGE REFINANCING

● Shorten your term: Shortening your mortgage can help in building your

equity faster and making more options available for your home.

● Lower monthly payments: Having a low interest rate or extending your

payoff date can help in getting lower monthly payment rates

BENEFITS OF MORTGAGE REFINANCING● Combine mortgages into one: Combine your second mortgage into a

primary mortgage at an available lower rate.

● Pay off your mortgage soon: Refinancing your mortgage with a less rate

and new term can help to pay off your existing mortgage sooner.

● Switch to a fixed rate: Getting a fixed-rate mortgage can benefit you by

eliminating fluctuating interest rates. This helps you plan your expenses

and budget accordingly.

THANK YOU