Refinancing a mortgage is when a borrower gets a better interest rate, loan term or cash out. A borrower can achieve lower monthly payments and if they qualify, use their equity to obtain money that can be used for various reasons. Payoff high interest credit cards, pay of installment loans, remodel the home etc. There are several pros and cons of refinancing a mortgage and we can help determine if this is right for you. For more information on refinancing contact us today at (818) 974-2842.