Benefits of mortgage refinancing
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Transcript of Benefits of mortgage refinancing
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Benefits of
Mortgage Refinancing
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INTRODUCTION
● Swapping or replacing your existing mortgage with a
new one with different terms is called mortgage
refinancing.
● Mortgage refinancing can help you by lowering your
monthly payments, saving you money and reducing the
chance of default.
https://www.canadalend.com/services/mortgage-refinancing
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WHY CHOOSE MORTGAGE FINANCING?
● Refinancing your mortgage can help save money on your monthly
payment.
● It can be used to pay off high-interest debt thereby unlocking equity
in your home.
● The time taken for payment of home loans can be reduced.
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BENEFITS OF MORTGAGE REFINANCING
● Shorten your term: Shortening your mortgage can help in building your
equity faster and making more options available for your home.
● Lower monthly payments: Having a low interest rate or extending your
payoff date can help in getting lower monthly payment rates
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BENEFITS OF MORTGAGE REFINANCING● Combine mortgages into one: Combine your second mortgage into a
primary mortgage at an available lower rate.
● Pay off your mortgage soon: Refinancing your mortgage with a less rate
and new term can help to pay off your existing mortgage sooner.
● Switch to a fixed rate: Getting a fixed-rate mortgage can benefit you by
eliminating fluctuating interest rates. This helps you plan your expenses
and budget accordingly.
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THANK YOU