Looking to refinance? There's a lot to know before you start! Whether its a home, car, or anything else Comparewise has refinance articles to get you started.
Make your money do more.
Offers shown here are from third-party advertisers. We are not an agent, representative, or broker of any advertiser, and we don’t endorse or recommend any particular offer. Information is provided by the advertiser and is shown without any representation or warranty from us as to its accuracy or applicability. Each offer is subject to the advertiser’s review, approval, and terms. We receive compensation from companies whose offers are shown here, and that may impact how and where offers appear (and in what order). We don’t include all products or offers out there, but we hope what you see will give you some great options.
Have a different question? Contact us today.
Mortgage refinancing is when you pay out your current loan so that you can get a new one. It is very important to understand your financial position before you decide to refinance your mortgage.
There are a lot of reasons why you will need to refinance your mortgage. Some examples include:
Yes. You might find that this can be cheaper to finance your renovation rather than personal loans. While you might receive some equity, mortgage refinancing also means that your are moving from one loan agreement to another. This is why you should plan carefully so that you don’t land on any more debt.
Just gather all the documents needed by lenders such as:
You can choose to apply and manage the process yourself. Most people request assistance from experts so if you decide to do this, the lender will review your application and they will be the one to approve it. It depends on which lender you choose but generally, it will take 2-4 weeks.
Top deals await you just a short
application away!