Is a Home Refinance in Edmonton Right for You?

With interest rates flirting with historic lows, many homeowners are wondering if a home refinance is right for them. After all, a lower interest rate is always worth it, right? Not for everyone. First, you must consider the costs of doing the refinance. When fees are factored in, as well as points, it could take years to recoup the savings with a lower payment amount. Secondarily, homeowners also need to consider if they will be in the home long-term. If not, they may not live there long enough to justify the cost of the home refinance and all of the attendant fees. Do the math before applying for a home refinance. More info: home refinance Edmonton

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