When does refinancing actually save money? Here's how we run the math.
Lower your interest rate. Even a 0.5% drop on a $500,000 mortgage saves about $140 per month.
Consolidate high-interest debt into one low-rate payment.
Access equity for renovations, education, or investments.
Switch from variable to fixed (or back) to match your tolerance for risk.
Shorten your amortization to pay off your mortgage years sooner.
Have questions about your mortgage?
Talk to an Altafina Capital advisor about the options that fit your situation.
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