Commonly Asked Questions
There are a few reasons to get a mortgage refinance including lowering your mortgage rate, accessing your equity, or to consolidate debt. If you are able to lower your mortgage rate by 1% or more and have several years left on your mortgage it may be worth going with a mortgage refinance.
Depending on your context a mortgage refinance can be a good or a bad idea. If the associated penalties and costs of breaking your current mortgage are greater than the possible savings, it may be better to investigate other options available to you