With housing prices stalled, or even having falling in some local markets, Canadian home owners seeking mortgage refinancing and who are looking at a high ratio mortgage – i.e., home owners who are refinancing a mortgage where the mortgage exceeds 80% of a home’s current market value, or those looking at a second mortgage but [...]
Articles tagged with: current market value
Written By: refinancing on May 5, 2010
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Written By: refinancing on February 28, 2010
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Mortgage refinancing means paying off your existing mortgage with a new loan, using the same property as collateral. The amount you’ll save by refinancing will vary depending upon current interest rates, refinancing costs and tax consequences.
Mortgage refinancing makes sense if Interest rates have dropped more than two points since you got your original mortgage, [...]
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