As a homeowner you have the option of refinancing your mortgage. This article explores the reasons that homeowners typically choose to refinance their mortgage. To learn more about home mortgage refinancing, visit www.novahomeloans.com

1. Home Mortgage Refinancing
As a homeowner you have the option of
refinancing your mortgage. This is where
your investment can really go to work for
you. People refinance for a variety of reasons, including:
• To lower monthly payments
• To cash out equity
• Pay off high interest debts
• Purchase property or other investments
• Make major home improvements
• Cover unforeseen family needs or emergencies
• Pay College Tuition
The process of refinancing your mortgage begins with completing a loan
application. Your Loan Officer will then order the type of appraisal required
for your loan. The new loan amount will be based on the current value of the
property and whether you wish to cash out some or all of the equity you
have accrued.
To learn more about home mortgage refinancing or to find a Nova Home
Loans location near you, visit www.novahomeloans.com