Refinancing the mortgage is a process of replacing an existing loan with a new one that has different terms and conditions. Refinancing can offer several benefits, such as lower interest rates, shorter repayment periods, or cash-out options. However, refinancing also involves some costs and risks, such as closing fees, prepayment penalties, or increased debt.

Therefore, before refinancing the mortgage, it is important to evaluate the pros and cons of the decision and compare different lenders and offers. We at Sanchet can help with this process and provide guidance and advice on the best option for each situation.

Why Opt for Refinancing the Mortgage?

•    To lower the interest rate.
•    To get migrate from a fixed rate mortgage to variable rate mortgage and vice.
•    Pay off high interest loans.
•    Refix monthly payments to more manageable levels.