How can refinancing help us save money or make more money? Refinancing is the process of replacing an existing mortgage with a new loan. Typically, people refinance their mortgage in order to reduce their monthly payments, lower their interest rate, or change their loan program from an adjustable rate mortgage to a fixed-rate mortgage. Also, some people leverage the equity in their house to get a cash-out refinance in order to buy another home, buy an investment property, or to pay for kids’ college tuition.

Regardless of your goal, the actual process of refinancing works similarly to applying for a first mortgage.

I have leveraged refinancing throughout my real estate investing since 2015. The Greater Boston market has seen steady appreciation, which translates into equity that you can tap into. Many of my former clients refinanced their homes after a couple years to take advantage of the lower interest rates.

There are many other unique and creative ways to benefit from refinancing! Visit taniawurealestate.com or chat with me to learn more!