Or you can use the the brand new loan to tap family guarantee for home improvements or to pay-off high-interest bills. Home improvements can also add to your residence worthy of, enhancing your owning a home way more.

5. What does your financing appear to be?

Before you choose so you’re able to refinance, you’ll have best out-of how much you borrowed on the newest mortgage as well as how much time it might get you to pay back the bill. Continue reading →