Blog > What Are the Benefits of Refinancing a Mortgage?
Refinancing allows homeowners to replace their current mortgage with a new one, often to secure a lower interest rate, reduce monthly payments, or tap into home equity. Some refinance to shorten loan terms or switch from an adjustable to a fixed rate. However, it’s important to weigh the savings against closing costs. Done strategically, refinancing can save thousands over time and strengthen financial flexibility.
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