A reduction in your mortgage interest rate can translate into significant savings. The key is ensuring they aren't outweighed by the charges and fees involved. Here are some tips to help you determine whether refinancing your mortgage will pay off: UNDERSTAND THE FEES Lenders typically charge fees for the mortgage [...]
There are many reasons why refinancing your home loan makes sense - opportunity to obtain a lower interest rate; chance to shorten the term of your mortgage; desire to convert from an adjustable rate mortgage to a fixed-rate mortgage or vice versa; opportunity to tap into your home's equity in [...]
Financing is defined as borrowing money to partially or completely pay for a property. In exchange for borrowing money, the lender gets an ownership stake in the property. This process is called a mortgage. But at some point, you may find your mortgage isn’t right for you anymore. You may [...]