Refinancing your home loan is a great way to lower your interest cost. If interest rates have dropped since you last financed your home, you may want to consider a refinance mortgage. Other common reasons to refinance include paying off a second mortgage, converting an adjustable rate loan to a fixed rate loan or to extract equity from your home (cash out refinance). A few reasons for cashing out include: home improvement, an education fund, and consolidating debt.

Another way to convert equity in your home to cash is a "home equity" loan. A "home equity" loan is an alternative to refinancing if your home loan has a very low rate compared to current interest rates or if you have a prepayment penalty on your home loan.

Just imagine what you could do with an extra $100, $300 or more each and every month. You might decide to apply the savings toward your balance and build equity faster and get that home loan paid off. Or maybe you want to put the money in your savings account or portfolio and watch it GROW! The best thing is. You're in control . You decide what is best for your family!