Refinancing has surely come to many people's minds with the recent low, attractive interest rates but is it worth it?
Get a quote from your current lender to see what your penalty is. Usually it will be either 3 month's interest or an Interest Rate Differential. See what the amount is and compare to the savings for your new mortgage product and rate.
Most often, refinancing is beneficial when you are near the end of the term on your mortgage.
For more information, visit http://www.kupinamortgage.com/
Helping homeowners and investors save on financing...one mortgage at a time!!
Kupina Mortgage
E: info@kupinamortgage.com
T: 1.888.955.9011
W: http://www.kupinamortgage.com/
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