Mortgage refinance is becoming a popular financial remedy, especially for those who are burdened by large monthly installments or multiple debts. Mortgage refinance can prove beneficial in several ways:
- Helps obtain a lower fixed rate
- Convert a Variable Rate Mortgage into a Fixed Rate Mortgage
- Consolidating multiple mortgages into one
Pay off other debts - Make cash provisions for emergency situations
When to Refinance?
Marks & Associates Mortgage Brokers Inc. helps you decide whether it is the right time for you to refinance. The decision to refinance should be carefully evaluated to avoid any complications at a later stage. By carefully studying the status of your current mortgage and comparing it to your income and other debts, we help you pick the refinance solution that best suits your current financial status.