Refinance to lower your monthly payment

If your main goal is to reduce your monthly housing cost, MTG Home Loans can help you explore refinance options that focus on payment relief without losing sight of the bigger picture.

Ways to lower your payment

Depending on your situation, we may look at:

Moving from a higher rate to a lower rate


Extending your loan term to spread payments over more years

Removing mortgage insurance if your equity has increased


Restructuring your loan type for a better long-term fit


See the full picture before you decide

Lowering the payment can be helpful, but it is important to understand:

01

The total interest you will pay over the life of the loan

02

How long it will take to break even on closing costs

03

How the new structure fits with your long-term goals