Frequently Asked Questions
Find the most frequently asked questions below:
01What happens when you refinance your home loan?
Refinancing is done to allow a borrower to obtain a better interest term and rate. The first loan is paid off, allowing the second loan to be created, instead of simply making a new mortgage and throwing out the original mortgage.
02Is it a good idea to refinance one’s mortgage?
A loan is a loan and it comes with dues and repayment schedules, so you cannot really estimate the goodness of the idea. However, if you fall under a criterion that pushes to secure your financial standing then a mortgage home loan refinance will be a feasible idea. You have to remember that refinancing also needs you to make some additional fee pa