Refinancing is a great way to potentially reduce your monthly household payments, complete home renovations and/or get funds to purchase investments.
There are many variables to consider when looking to refinance your mortgage including current and market interest rates, debt load, the reason for needing the funds, employment situation, etc, but I want to show you a very common situation where it makes a lot of sense.
This example shows a savings of $400/month in cashflow combined with paying off high-interest debt and lowering the current mortgage interest rate.
If you think you could benefit from a refinance, then we need to talk.
Please reach out to a Banyan mortgage expert to review your current financial situation.