re-morgtage / switching

 

Remortgaging means paying off an existing mortgage and taking out a new one. Homeowners may choose to refinance for any number of reasons, including:

 

- Lower the interest rate on their existing mortgage

- Change a loan type

- Own their homes faster

- Take advantage of equity in their homes

 

WARNING: The cost of your monthly payments may increase. If you do not keep up your repayments, you may lose your home.

 

WARNING: The cost of your monthly payments may increase. If you do not keep up your repayments, you may lose your home.