Refinancing your Mortgage Rockville MD

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

Local Companies

Fannie Mae
(202) 752-7000
3900 Wisconsin Ave., NW
Washington, DC
First Washington Mortgage
(202) 625-1491
2233 Wisconsin Ave., NW
Washington, DC
R M F Construction
(301) 460-1800
Rockville, MD
Ideal Solutions Home Improvement
(301) 258-7710
Rockville, MD
Jeffco Painting & Drywall
(301) 881-5282
5706 Frederick Ave Ste B
Rockville, MD
American Custom Contractors
(301) 417-1000
1527 Crabbs Branch Way
Rockville, MD
Nationwide Handyman
(240) 386-0100
15881 Crabbs Branch Way
Rockville, MD
Barry Renovation & Construction
(301) 230-4555
Rockville, MD
Z & P Construction Inc
(301) 294-3331
5 Lakeside Overlook
Rockville, MD
S & T Design-Remodeling Inc
(301) 942-0191
11626 Boiling Brook Pl
Rockville, MD

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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

Fannie Mae

2027527000
3900 Wisconsin Ave., NW
Washington, DC

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