REFINANCING

Refinancing is replacing the current financing on your home, or adding to it. There are several reasons to consider refinancing when the time is right:

The economy of your situation is such that a lower interest rate is available, thus lowering your payments Your current loan is die or its interest rate is about to jump up You need to get some cash out of the equity in your home for improvements, debt consolidation, to buy a car or other major items, for tuition.. The loan you have in place does not work for you anymore - it makes more sense to do something else