If you are interested in the procedures that are involved in refinancing mortgages, you’ll probably be pleasantly surprised to find out that the process is simpler than many people assume. Once you’ve begun the process of refinancing, mortgages can be adjusted to a lower interest rate, a longer or shorter loan term, or a different loan package. If the prevailing interest rates have fallen significantly since you first received your mortgage, or if your credit has improved significantly in that time, it may be beneficial to explore the option of refinancing your mortgage. In addition, if you would like to extend or reduce the overall length of your loan, refinancing your mortgage is a viable option. Finally, the refinancing process can be helpful if you would like to switch from an adjustable-rate to a fixed-rate loan, or vice versa.
If the prevailing interest rates have fallen significantly since you first received your mortgage, or if your credit has improved significantly in that time, it may be beneficial to explore the option of refinancing your mortgage.
- STEVE MATTOO
Steve Mattoo and his firm A.S. Mattoo & Associates, located in the York Business Centre, deal in real estate law as a preferred area of practice. The firm's primary goal is to provide exceptional legal services with a focus on relationship building.
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A.S. Mattoo & Associates
211 – 7928 128 St., Surrey, BC
V3W 4E8, (York Center)
604-572-6000
604-572-6001
[email protected]
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ALL RIGHTS RESERVED.
