Legacy Mortgage® Is The Home Loan Designed For You.
Maximize the value of your home by tapping into the equity you’ve built.
Refinance/Access Your Equity
Maximize the value of your home by tapping into the equity you’ve built. Refinancing or accessing your equity involves taking out a new mortgage to replace your existing one, often with better terms, or borrowing against the value of your home. This process allows you to unlock the cash tied up in your property, which can be used for renovations, debt consolidation, or other financial needs. By leveraging your home’s equity, you can make your property work harder for you.
How It Works
Refinancing or accessing your equity works by assessing the current market value of your home and the amount you still owe on your mortgage. If you choose to refinance, you’ll secure a new loan that pays off your existing mortgage, often with a lower interest rate or better terms. If you opt to access your equity, you can take out a home equity loan or line of credit based on the difference between your home’s value and your remaining mortgage balance. This gives you access to funds while still retaining ownership of your home.
Advantages
There are numerous benefits to refinancing or accessing your equity. You can lower your monthly mortgage payments by securing a better interest rate, which can save you money in the long run. Accessing your home’s equity provides you with a lump sum of cash that can be used for various purposes, such as home improvements, education expenses, or paying off high-interest debt. Additionally, refinancing can allow you to switch from an adjustable-rate mortgage to a fixed-rate mortgage, offering more stability and predictability in your financial planning.
Refinance your mortgage
Ready to refinance your mortgage? There are many reasons you may want to refinance, such as taking advantage of better mortgage interest rates, switching from a variable to fixed-rate mortgage or maybe your credit score is better so you can upgrade your mortgage! You can also refinance your mortgage to consolidate debt or fund a home renovation.
Provide some basic information and we’ll match you with a loan option and mortgage rate that meet your needs.
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