When interest rates are rising, the conventional wisdom says that refinancing your mortgage is less appealing.But for some homeowners, a 15-year refinance mortgage could be a smart financial move.
They refinanced their New Jersey home in July, rolling ,000 of credit card and car loan debt into their 30-year fixed-rate loan.
Sometimes if you have bad credit, it might be difficult to get a debt consolidation loan, so using home equity could be another possibility.
Check with a Credit Counsellor to make sure that you choose the right option.
As your mortgage brokers, our only role is looking after your interests.
What’s more, we will take your needs and goals into consideration when shopping for your mortgage.