Frequently Asked Questions   << back When is the right time to refinance? You typically answer this question by first assessing your personal mortgage situation and then establish your financial goals. These are the traditional reasons to refinance: get a better rate to reduce payments, consolidate debts, convert the type of loan such as adjustable to fixed, or change the terms of the loan. Often times, the need to refinance is somewhat complicated. That is why we recommend you contact our professional loan consultants to assist you with your next mortgage decision. What is the difference between a mortgage broker and a lender... and which is better? Alender is typically a financial institution that provides loan products to borrowers. Each lender traditionally has their own niche or area of expertise. A mortgage broker is a professional whose job is to "shop" a wide array of lenders in order to find the exact loan program best suite for the borrower's needs. Often times it works more for the benefit of the borrower to consult the services of a mortgage broker to ensure that many more potential loan programs are considered before committing to the right one. *All info included is circumstantial and is not absolute for all clients. Inquire here for more information on your particular situation