Refinancing

With the current economic climate and official interest rates on the rise due to high inflation, many mortgage holders are seeking the expertise of brokerages like JL Mortgage Services to secure a better deal on their home loans.

By refinancing your home loan, you can potentially lower your interest rate, reduce your monthly payments, or even access the equity in your home. There are countless reasons why you may choose to refinance your home loan, and we are here to provide you with clear information on the advantages and savings associated with this option, so you can make an informed and educated decision.

It’s important to keep in mind that although you can refinance your home loan at any time, you should consider any refinancing costs, as well as your future plans and goals. If you’re currently on a fixed-rate loan or considering fixing your home loan rate, be sure to proceed with caution as break costs may apply.

There are no limits to how often you can refinance your home loan, but it’s essential to take into account the time and costs associated with refinancing. If you’ve already landed a well-priced home loan that suits your needs and requirements, most borrowers would choose to refinance their home loan every 3 to 5 years.

Get in touch with us today to learn more!