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Refinancing your Mortgage Maryland

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

Local Companies

Residential Home Loan Center
410-534-3290
2208 Eastern Ave
Baltimore, MD

American Home Loans
410-230-0232
1 E Chase St
Baltimore, MD

PGS Real Estate
270-964-7713
68 Cedar Avenue
Towson, MD

Premier Choice Mortgage
301-449-6677
6321 Old Branch Ave
Camp Springs, MD

Shingle Construction
(301) 932-2830
Bel Alton-Newtown Rd
La Plata, MD

Southern Maryland Window & Siding
(301) 855-9410
Lusby, MD

Builders Construction Mgmt Inc
(301) 388-2335
14801 Harold Rd
Silver Spring, MD

Jones & Sons Inc
(410) 641-2231
7 Burley St
Berlin, MD

Additions Plus
(410) 531-3737
Columbia, MD

Great View Windows
(410) 761-5200
7477 Baltimore Annapolis
Glen Burnie, MD

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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

Residential Home Loan Center

410-534-3290
2208 Eastern Ave
Baltimore, MD

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Regional Articles

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Are you shopping around for a home mortgage? If so, read the following article for some useful tips.

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Related Local Event

Free Introductury Real Estate Investing Class
Dates: 6/30/2009 - 6/30/2009
Location: Investors United School of Real Estate
Baltimore, MD
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