When you pay off the existing mortgage with the new mortgage, that process is called refinancing. Mostly, the mortgage is refinanced to reduce the monthly payment and interest rate or change the term or length of the mortgage. Refinancing may also be done to take the cash out from the home’s equity.
Mortgage refinancing will allow you to own the house sooner, consolidate debts, or reduce the monthly payments. LGS Financial and Mortgage Services will guide you throughout the process of refinancing to meet the financial goals. We provide assistance, resources, and tools required by you at every step of the process. Look for the options that we have for you regarding refinancing.
The steps involved in the process include deciding whether you want to go for short-term or long-term refinancing, knowing the terms and then choosing your lender. No matter which step you are on, we will guide you through it.
To consult the best Mortgage Loan Specialist in NEWPORT BEACH, CA, contact LGS Financial and Mortgage Services today. Our specialist will help you change the loan term or type and answer all the questions you may have regarding refinancing. They will also communicate the current rates of refinancing to you.