Refinancing your Mortgage Massachusetts

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

Local Companies

JPMorgan Chase - Home Mortgage
(617) 429-2059
400 Blue Hill Drive, Ste. 190
Westwood, MA
American Mortgage Resource, Inc.
(617)9728588
62 Mount Auburn Street
Watertown, MA
Leader Mortgage Company, Inc.
(781)6487900
180 Massachusetts Avenue
Arlington, MA
Countrywide Bank
(781)8588877
5 Long Meadow Road
Westford, MA
Your Home for Life
(800)6906646
642 Huron Avenue
Cambridge, MA
Tocco Marie
(781) 289-7736
209 Squire Rd
Revere, MA
Davidson Home Improvement
(413) 746-8850
190 Newton Rd
Springfield, MA
Caliber Home Improvement
(508) 430-4005
Harwich, MA
One Stop Home Improvements
(508) 998-7369
1011 Church St
New Bedford, MA
Home Depot
(978) 750-8883
235 Independence Way
Danvers, MA

provided by: 
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

JPMorgan Chase - Home Mortgage

(617) 429-2059
400 Blue Hill Drive, Ste. 190
Westwood, MA

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Related Local Event
Urban Land Institute Spring Council Forum
Dates: 4/14/2010 - 4/16/2010
Location: John B. Hynes Veterans Memorial Convention Center
Boston, MA
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