LOAN REFIANANCING

A "refinance" is a financial transaction where an individual or business replaces an existing loan or mortgage with a new one. This is often from one  lender to another or in some cases with the same lender. Think of it as: keeping your loan option open.
 
The purpose of refinancing, and usually the number one reason, is to obtain a lower interest rate. However, refinancing can also bring about better loan terms including reduced monthly payments or different repayment terms.
 
Refinancing can be done for various types of loans, including mortgages, car loans and personal loans. It allows borrowers to potentially save money, adjust their loan structure, or access funds for other purposes.

Here at Pathway, we proactively help our clients to keep their loan options open, looking at both current and future needs, and with annual reviews to ensure you're have the best possible loans solutions in place at any one time.