Whether you are looking to take advantage of a lower interest rate, extend your amortization to reduce your monthly payments, or tap the equity in your home, refinancing can be the right choice for you.

If you're thinking about refinancing your mortgage, there are several good reasons to do so. Refinancing your mortgage involves renegotiating your current mortgage loan for a new one that better suits your exact needs, such as accessing more equity in your home or better mortgage options to help reduce your monthly costs. This can be done at any point during your mortgage term or at renewal time, but there may be applicable fees or penalties. Changing lenders would require paying out the mortgage contract to create a new one with a different lender.

While refinancing may not always be the best choice, there are circumstances where it can make financial sense. However, there may be fees and charges involved, such as setup, legal, or pre-payment penalties. If you're unsure whether refinancing is right for you, I can assess your unique situation and quickly determine the potential benefits.