What is Refinancing?

Refinancing replaces an existing loan or debt obligation with a new loan or debt obligation with different terms and conditions. 


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What is Refinancing a Mortgage?

Refinancing a mortgage helps you obtain a new home loan that replaces the existing mortgage. There are two types of mortgage refinances: cash-out and rate & term. Your loan originator at GuardHill will help you obtain the most favorable mortgage financing terms with the lowest interest rate possible.

Refinancing a mortgage may allow you to:

  • Lower your interest rate
  • Lower your monthly mortgage payments
  • Consolidate debt
  • Change the loan terms to match changing financial needs
  • Take cash-out of the equity of the home
  • Cancel mortgage insurance premiums

When to Refinance a Mortgage

There are many reasons to refinance and pay off your current mortgage with a new mortgage. At GuardHill, we are mortgage advisors. We will evaluate your current mortgage and financial situation to determine if a mortgage refinance is beneficial for you.

You can achieve any of these financial outcomes by consulting with your mortgage professional at GuardHill to find the best solution for your scenario. Get started today!