1) Lower monthly payment.
2) Lower interest rate.
3) Eliminate mortgage insurance.
4) Cash out for home improvement.
5) Cash out for debt consolidation.
6) Cash out for a major purchase.
7) Cash out for other investments.
8) To buy-out a joint owner of the property, such as in the case of a separation or divorce.
The benefits of a typical refinance often combine a number of these top reasons into a single transaction. For example, lowering the intertest rate and eliminating mortgage insurance will almost certainly reduce the monthly payment. Or the cash out from a refinance may be used for both debt consolidation and a new roof.
Whatever your reasons, let the Oregon mortgage experts at Mighty Mortgage show you the way! Contact us today today for a no obligation consultation. You'll be glad you did!
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