While the choice to refinance a mortgage is often unfavorable, there is reasonable cause as to why a homeowner may go down this path. The process of refinancing a mortgage means you have made the decision to pay off a loan that already exists by replacing it with a new one. Possible reasons you choose to refinance may include:
- Debt consolidation
- Shortening a payment term
- Switching between an adjustable-rate or fixed-rate
- Procuring finances for another purchase
At Brar Law we understand that the decision to open a mortgage is accompanied by a significant financial responsibility. Our experts are seasoned professionals in mortgage refinance and are committed to offering strategic counsel to ensure you’re 100% aware of the terms, costs and benefits.
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