The experts at Spark Financial Group can help you get the best deal that’s right for you.
Refinancing means renegotiating your existing mortgage loan agreement, usually to access the equity in your home, or to lower other borrowing costs by taking advantage of a lower interest rate. Refinancing can help you consolidate debt or pay for other large expenses like education or renovations. When you refinance, you select new terms for your mortgage loan agreement.
If you refinance at the end of your mortgage term, you will avoid prepayment charges. If you decide to refinance before your term is done, the prepayment charges might be relatively small compared to the savings offered by getting a new mortgage loan with a lower interest rate.
Mortgage brokers have access to a wide variety of lenders, and can help you get great refinancing rates at a bank, or through alternative lenders in the event that your credit is bad or less than ideal, you have too many revolving debt on cards, your income is low, or you are self-employed and have a non-traditional was of reporting your income.
Whether you are looking to refinance your current mortgage to take out extra money from the equity you have in your home for personal use, to consolidate debts or pay off higher interest debts, to renovate your home, to finance a car, or for any other reason, the experts at Spark Financial Group can help you get the best deal that’s right for you.
Is refinancing right for me?
Once you evaluate your goals, you can decide whether refinancing makes sense.
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