By definition, a home refinance is is the repurchase of your property for a net tangible benefit (a gain to you). There are many reasons to take advantage of the opportunity to refinance your mortgage and improve your financial position with your home, quite possibly, your largest asset.

1. Lower your interest rate and payment

2. Lower or raise the number of years of your mortgage, known as the term

3. Receive cash out from your loan to consolidate your debt, pay off high interest loans or credit cards, pay for home improvements, college costs, investments or whatever other needs

you may have financially.

4. Change of ownership of the home, as in the case of divorce or death, thus allowing you to stay in the home and eliminates the need to sell.