Refinancing a mortgage can be a smart financial move for many homeowners. It allows you to potentially lower your monthly payments, reduce your interest rate, or change the terms of your loan to better suit your needs. However, refinancing isn't always the right choice for everyone.
As a Level 2 mortgage agent, at Ellicott Financial Inc, I have helped many homeowners make the smart financial decision to refinance their mortgage. In this blog, I will explore five key points to consider when deciding whether to refinance your mortgage.