Homeguard Mortgage Refinancing

Mortgage refinancing can provide various benefits, depending on the individual. Refinancing is usually done for two general reasons: to reduce debt or to be able to borrow more. Below are the most common reasons for refinancing a mortgage:

• To reduce monthly payments
• To reduce, or alter, risk
• To consolidate debts
• To take advantage of lower interest rates
• To take equity out of your home for:
  • Education
  • Home Renovations
  • Investments
  • Retirement Planning
• To purchase second properties

The mortgage industry is constantly changing. For that reason it is very important for you to re-evaluate your current mortgage on an annual basis. The market is continually changing and new products are being introduced all the time, so what may have been a perfect fit a short time ago may not be today. If current interest rates or other mortgage variables have changed since your original mortgage you should compare the costs of refinancing to the amount of money you could save. However, if the costs of refinancing, such as penalties, outweigh possible savings it is better to stay with your current mortgage.

The Homeguard Team has been specializing in refinance and debt consolidation services since 1983.  We work with lenders to help achieve your financial objectives.

Give the Homeguard Team a call today for a FREE MORTGAGE EVALUATION!