Start Spring Off Right With a Refinance From Colonial

Spring is quickly approaching, and with the longer days, warmer weather and afternoon baseball comes a chance to get organized for the rest of the year ahead. Many people turn to spring-cleaning or gardening, which is a great way to get your home in order, but what are you doing to make sure your finances are on track for the future? Refinancing your current mortgage may be just what you need to start moving in the right direction. With rates still near historic lows, refinancing may allow you to save money, shorten your term, consolidate debt and more. Below are a few reasons people are choosing to refinance their mortgage with Colonial.

Save Money on Your Monthly Payment

Who couldn’t use some extra money in their pocket each month? When you refinance your mortgage with Colonial, you may be able to save money on your monthly payment. If you have been in your house for a few years and have gained equity, or currently have an interest rate above five percent, refinancing may be just the thing to help you save money each month.

Pay for Home Improvements

Is it time you updated your current kitchen to your dream kitchen? Or maybe it’s time to make a splash with a pool in your backyard. Refinancing may allow you to get access to cash for home upgrades or needed improvements. And most importantly, home improvements may even increase your home’s value, which is a win-win.

Shorten Your Term

Another popular reason why so many people are refinancing their home loan is to shorten the term of their loan. While most people have a home loan that is spread out over a 30-year time period, Colonial has multiple terms available including 10 and 15-year programs, meaning you can pay off your home sooner – and potentially save thousands on interest costs.

Consolidate Debt

If you have gotten a little behind on credit card payments or other debt, refinancing may allow you to consolidate debt and save on interest charges. According to, the average interest rate for a new credit card is 17.3 percent. That’s more than three times higher than most current mortgage interest rates. Refinancing your current mortgage may allow you to consolidate your debt and pay off high-interest credit cards.

Contact Me Today to Get Started

A refinance or cash-out refinance with Colonial may be just what you need to enter the warmer months in better financial shape. I’ll be happy to help walk you through various scenarios to make sure that refinancing is the right move for you. So give me a call today, send me an email or apply on my website and take advantage of today’s great interest rates!

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One Response to “Start Spring Off Right With a Refinance From Colonial”

  1. Robert Parke says:

    Would like to refinance at lower interest rates

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