Consult A Notary Public Or Lawyer For Refinancing Today
A notary public or real estate lawyer will be able to help you complete a refinance transaction, which could be a great move to make if you are looking to purchase additional property, take advantage of lower rates, and accomplish your long-term goals.
You may have heard of skyrocketing home values in the past several months: soaring land values at the beginning of the year, coupled with near-record levels of real estate activity in May, a 22.8% increase in sales from April 2017.
Last month was the 3rd-highest selling May on record for real estate in Vancouver.
As a real estate property owner, this provides an opportunity for you to refinance, using your home’s equity to accommodate your financial and lifestyle goals.
What Is Refinancing?
Refinancing is the act of replacing your existing home mortgage with a new mortgage, which may have several benefits, including:
- You can take advantage of better interest rates
- You can negotiate better mortgage terms
- You can consolidate your debts into one loan, making debt management easier
- You can reduce, or increase your monthly repayment amount to accommodate for your long-term goals
Clients can also refinance to free up cash, or reduce their risk portfolio. In this hot housing market, an attractive option is to add a home equity line of credit to lower your borrowing costs. Lines of credit can offer you a lower interest rate compared to other types of loans.
Consult A Notary Public Or Lawyer
When buying, selling or refinancing your real estate, it’s a good idea to consult your notary public or lawyer to review the options available to you. At Morris Notary, our notary public and lawyer will be able to help you identify the ideal financing options for your lifestyle and long-term goals.
When it comes to buying, selling or refinancing real estate in Vancouver, it’s worthwhile to consult an expert to help you make an informed decision, and to properly conduct the necessary transactions. Call Morris Notary at 778.819.8553 or email [email protected] for more information.