Refinancing can provide powerful benefits, but it comes with trade-offs. Take time to research refinancing options and your financial situation before making any decisions.
Our eGuide gives you a roadmap of refinance options—from start to finish.
Refinancing a mortgage can be used to support a wide range of financial costs and goals at various points of homeownership. By using a HECM, eligible seniors could:
- Reduce a loan’s term
- Obtain a lower interest rate
- Tap into home equity
- Eliminate mortgage insurance
This eGuide discusses different reasons to refinance, range of options and benefits, if you’re a good candidate, and how to apply.