Refinancing Your Current Debt
We understand that your personal circumstances change, so you may need to refinance your mortgage. There are many reasons why you may consider refinancing, the most common includes debt consolidation. This is where you have personal loans or credit cards and you roll that into your mortgage to lower the interest you pay. This can be beneficial if its done the right way, otherwise you can end up paying the same amount of interest.
Other common reasons to refinance may include
- You are unhappy with your current bank
- You want to start a business and need capital
- You want to take a holiday
- You can get a better deal elsewhere