Mortgage Refinance means renegotiating your mortgage agreement so that it’s a better fits your new needs. You can lower borrowing costs by taking advantage of a lower interest rate, a shorter term, or need additional funds at lower rate than that of personal loan. You can alter your mortgage amount so that you can access your home equity to pay for large expenses or help consolidate your debt. You can apply to refinance a mortgage at any time. Refinancing before your renewal date could lead to penalty fees. Even so, if the amount you’ll save by changing your mortgage might cover the fees, and it can still be a good decision.

You may be able to access up to 80% of your current home’s value to borrow additional funds

• Refinance against your home as collateral usually means a lower interest rate than other forms of borrowing
• Consolidating balances from higher-interest credit cards and other loans can help you save money by lowering your overall interest rate.