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Refinancing your Mortgage Michigan

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

Local Companies

Lasalle Home Lending Centers
313-234-8674
500 Griswold St
Detroit, MI

Traverse City Coatings
(231) 922-0474
Traverse City, MI

Classic Construction
(734) 362-8888
7706 MacOmb St
Grosse Ile, MI

Remodeling Designs
(586) 739-2333
44011 Van Dyke Ave
Utica, MI

Maple Lake Builders
(269) 657-8104
508 N Kalamazoo St
Paw Paw, MI

Elite Home Builders
(989) 362-7398
444 S Remmington
Tawas City, MI

Otten's Custom Roofing
(616) 534-6000
4161 Madison Ave SE
Grand Rapids, MI

B & B Builders Inc
(906) 863-9610
Menominee, MI

Curb Appeal
(248) 332-6644
1527 Georgetown Dr
Bloomfield, MI

Msp Contractors
(586) 274-9011
Warren, MI

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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

Lasalle Home Lending Centers

313-234-8674
500 Griswold St
Detroit, MI

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Advertising	Family	Home Services	Real Estate Resources
Business Services	Fashion	Industrial Goods & Services	Retail & Consumer Services
Career	Financial Services	Insurance	Software
Cars	Food & Beverage	Internet	Technology
Computer Hardware	Franchise	Legal	Telecommunications
Construction	Health	Miscellaneous	Trade Shows
Education	Holidays	Nightlife	Travel
Entertainment	Home Appliances	Online Database	Weddings
Environmental	Home Electronics	Pets	World History