Homeowners, and those who want to be, take note

“While many homeowners were content with their interest rates around 3%, there is now a huge opportunity to refinance your current mortgage and save thousands of dollars in the remaining years of your term. In most cases, the penalty can be capitalized into the new mortgage, and your savings starts to accumulate. Many clients are improving their interest rates by over half of a percent. The amount of savings will depend on the amount of your mortgage, the time left in the term, and the amount of your penalty with your current lender. With some basic information about your mortgage, a mortgage professional can review your mortgage and identify any potential savings you may have.”

Brad Brain_ Homeowners, and those who want to be, take note _ Alaska Highway News

This article was posted in All Columns, Money Management.
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