Everyone's situation and goals are different, and that's a good thing.
Generally, homeowners refinance with one of the following goals in mind...
Take Cash Out - As you pay a mortgage over time, your equity increases. You can leverage this investment by refinancing and using cash out to renovate your home, pay down high-interest debts, etc.
Lower Your Payments - Many homeowners refinance to improve their financial situation. Lower monthly payments can make it easier to save for college, plan for retirement, or meet other financial goals.
Shorten Your Loan Term - Refinancing can help you shorten your loan term and reduce the interest you'll pay over the life of a loan.
RedDoor's experienced, local loan officers can help you ask the right questions as you explore refinance options.
They know the ins and outs of refinancing and work on salary not commission, so our number one goal is to help you find the right refinancing option.