What Is a Refinance & Should You Do It?

A refinance is the process of replacing your current home loan with a brand-new one — usually to get a better interest rate, adjust your loan term, or tap into your home’s equity.

Homeowners in Kansas often refinance to lower their monthly payments, shorten the length of their loan, or pull cash out for things like renovations or paying off other debt.

It’s not a one-size-fits-all move though — whether it makes sense for you depends on your current rate, your financial goals, and how long you plan to stay in your home.

Thinking about refinancing? Chat with a Loan Officer at KCity Mortgage to see if it’s the right move for you.