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Refinancing your Mortgage Portsmouth VA

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

Local Companies

Davis G R & Sons Inc
(757) 397-0844
707 Mt Vernon Ave
Portsmouth, VA

Mr Fixer
(757) 405-5500
Portsmouth, VA

Eastern Building & Remodeling Llc
(757) 337-0562
3621 Moore Rd
Portsmouth, VA

Farris Enterprises Inc
(757) 484-4813
5937 Village St
Portsmouth, VA

Bernstein's Renovations Remodeling Restoration and Repair
(804) 288-7254
2336 Leah Rd
Richmond, VA

Royall Home Improvement
(434) 847-4989
140 Marvin Pl
Lynchburg, VA

Liberatore Michael Inc
(703) 256-4040
3621 Stanford Cir
Falls Church, VA

Heritage Home Improvements Inc
(703) 573-9399
8317 Robey Ave
Annandale, VA

Branyan Building Corporation
(757) 747-7000
617 Sandy Springs Ln
Virginia Beach, VA

Lowe's Home Improvement Warehouse of Tappahannock
(804) 443-9110
2000 Tappahannock Blvd
Tappahannock, 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

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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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