You may decide to refinance to accomplish a variety of goals, but for some basic reasons: To save money by getting a lower interest rate or to save money by using a tax-deductible loan (the refinance) to pay off non-tax-deductible debt.

People most commonly use a refinance loan to:

The key point to remember in all these instances is a refinanced mortgage offers you tax-deductible borrowing (which effectively lowers your cost of borrowing). Is a refinance a smart move for you? To find out, call a TC Mortgage Loan Advisor at 505-792-5777 and speak to a loan consultant who will assist you with your application. You’ll get our honest, objective opinion on what’s most advantageous for you.

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