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Refinancing your Mortgage Norfolk VA

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

Local Companies

Countrywide Home Loans
757-631-2402
2901 S Lynnhaven Rd
Virginia Beach, VA

Ackerman Remodeling Unlimited
(757) 461-1380
Norfolk, VA

Beach Renovations Inc
(757) 455-5600
Norfolk, VA

Decorative Concrete Inc
(757) 461-8728
1254 Boush Way
Norfolk, VA

Cullifer Corp
(757) 489-7181
864 W 40th St
Norfolk, VA

Cole Electric Inc
(757) 583-6560
Norfolk, VA

Wizard Craft Construction
(757) 339-1250
1817 Greenleaf Dr
Norfolk, VA

Bdp Llc
(757) 416-7685
333 Waterside Dr
Norfolk, VA

West Roofing & Home Improvements
(757) 466-0675
Norfolk, VA

American Quality Enterprises
(757) 499-1903
3355 Lyons Ave
Norfolk, VA

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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

Countrywide Home Loans

757-631-2402
2901 S Lynnhaven Rd
Virginia Beach, VA
http://www.marriott.com

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Related Local Event

Business Education Series: Commercial Real Estate for the B
Dates: 8/6/2009 - 8/6/2009
Location: Hampton Roads Chamber of Commerce-Chesapeake
Chesapeake, VA
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