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Refinancing your Mortgage Virginia

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

Countrywide Home Loans
757-547-4210
636 Cedar RD
Chesapeake, VA

G & G Remodelers Inc
(804) 693-3331
Gloucester, VA

Paragon Remodeling
(703) 426-5555
8000 Towers Crescent Dr
Fairfax, VA

Starr Construction
(703) 361-1378
10915 Ravenwood Dr
Manassas, VA

Southside Fabricators Inc
(804) 232-0876
612 Hull St
Richmond, VA

Independence Services Inc
(540) 837-9868
Boyce, VA

Myers Home Improvements
(540) 894-9188
Mineral, VA

Tidewater Remodeling Inc
(757) 523-9111
Chesapeake, VA

Ace Home Improvements
(757) 424-7283
Virginia Beach, 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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