If you are thinking about refinancing your mortgage to a lower rate, then you are probably looking forward to saving money on your monthly payments. You can also go through the refinancing process to tap into the equity in your home to finance home improvements while also consolidating your other debts. At the same time, this is a big decision and you need to work with the best mortgage lenders to get a new home loan that is favorable to your financial situation. When it comes to refinancing your first mortgage, there are a few tips to follow.

The economic impact of COVID-19 on our country has left many individuals facing job loss or furlough. Even those who have remained employed are facing concerns about paying bills and affording daily necessities due to cutbacks or reduced hours. If you've lost your job, been furloughed, or had your hours cut as a result of COVID-19, you may qualify for unemployment.

Life happens, and along with it often comes debt…and you know what? That’s ok! Whether we have debt in the form of student loans, medical bills, an emergency of some sort that had to be financed, or too much spent on credit cards - we have all had our share of debt to repay.

5 Tips to Relieve Your Debt and Stress

The average debt load for Americans, including mortgages and car loans, is $132,529. Of that, over $16,000 is tied up in credit cards. All of this debt contributes to a high level of stress for many families.