Questions and Answers

Refinancing a Home

Q: When is it right to refinance?
A: It might be the right time to consider refinancing your mortgage if doing so will help you:

• Lower your interest rate
• Consolidate your bills
• Shorten your loan term
• Switch from adjustable rate to fixed rate, or
• Take advantage of your home's equity

Q: What are the costs associated with refinancing?
A: You may want to find out the facts first if you are thinking of refinancing. It may well be worth a visit to your mortgage professional.