Refinancing may get you a type of loan better suited to your financial needs at the moment. Perhaps you want to “cash out” and take advantage of the equity you’ve already earned. Maybe you want to shorten your loan term to build equity more quickly, or be debt-free when you reach retirement age.
There are many different factors to consider. For example, a lower interest payment now could result in a lower deduction at tax time.
As a Licensed Mortgage Originator, I can work with you and help you get the results you’re looking for. I will go over your current loan and your goals, and review the options that are available to you, with your long-term best interests in mind.