Reasons to Refinance

There are numerous reasons why it may be a good idea to consider a refinance your mortgage. Some people need to reduce the monthly payment, others are looking to shorten the term of the loan, etc. North Star Mortgage can help homeowners to understand if refinancing is a good decision. If you have a 30-year mortgage, refinancing might be in your best interest as it can lead to a lower monthly payment, and could save thousands of dollars in interest costs over the life of the loan.