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Refinancing your Mortgage Connecticut

Before you decide to renegotiate your mortgage, carefully consider the potential costs involved...

Local Companies

William Pitt Sotheby's International Realty
203-245-6700
670 Boston Post Road
Madison, CT

Joanna Martin/Coldwell Banker
203-453-4477
226 East Main Street
Branford, CT

Connex Credit Union
203 603-5792
849 Boston Post Road
Guilford, CT

Guilford Savings Bank
203 453-2721
P.O. 369/1 Park Street
Guilford, CT

NewAlliance Bank
203 453-7529
1021 Boston Post Road
Guilford, CT

Webster Bank
203-458-5320
1069 Boston Post Road
Guilford, CT

Scholastic Mortgage
203-453-5555
96 Broad Street
Guilford, CT

Wells Fargo Home Mortgage
203-458-0140
125 Water Street
Guilford, CT

Coldwell Banker Coast & Country
203 458-4100
1250 Boston Post Road
Guilford, CT

H. Pearce Real Estate Co., Inc
203 453-2737
88 Broad Street
Guilford, CT

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Written by Scotiabank

With today's low interest rates, many homeowners are taking a hard look at the financing of their most important asset. Before you decide to renegotiate your mortgage, carefully consider the potential costs involved.

If your mortgage is closed (that is, you can't pay it ahead of schedule), you may face a penalty when you renegotiate. It may still be worthwhile to refinance. The key is to determine whether the potential interest-rate savings outweigh the penalty.The rough guideline is that refinancing makes financial sense if the refinancing rate is at least two percentage points below your current rate.

Your mortgage specialist can help you crunch the numbers.Let us help you get the upper hand on your home financing. Visit scotiabank.com/upperhand for great tips, calculators and more.

Want to get more information on your home-related financing goals by email? Sign up here.

article at HomeRenovationGuide.com

Featured Local Company

William Pitt Sotheby's International Realty

203-245-6700
670 Boston Post Road
Madison, CT
http://www.wpsir.com

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