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Refinancing your Mortgage Minnesota

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

Local Companies

Statewide Appraisal Co.
507-386-1268
420 Fountain St.
Mankato, MN

Open Door Home Loans
(612) 374-9907
2524 Hennepin Ave
Minneapolis, MN

Richter Construction
(952) 474-2340
18217 Woolman Dr
Minnetonka, MN

Best Buy Construction
(651) 423-3803
2605 Bonaire Path W
Rosemount, MN

Kens Exteriors
(218) 225-3440
201 Leeds Rd
Hoyt Lakes, MN

Masterworks Construction
(952) 448-9301
202 Oak St N
Chaska, MN

Creekwood Construction
(507) 252-1173
5491 Creekwood Ct SE
Rochester, MN

Ideal Construction Inc
(763) 757-3101
Minneapolis, MN

Handi Plus Incorporated
(320) 202-7969
Saint Cloud, MN

Ateq Inc
(763) 856-0856
26711 146th St NW
Zimmerman, MN

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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

Statewide Appraisal Co.

507-386-1268
420 Fountain St.
Mankato, MN
http://www.mnstatewideappraisalcompany.com

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