As with any investment, it is important to constantly be aware of any changes in the market or economic climate. The current market has changed dramatically with drastically reduced interest rates. If you are currently paying off your rental property you can potentially save thousands of dollars on interest by refinancing. Lower Interest Rates The…
Tag: refinance
Refinancing is the process of replacing your current mortgage for a new mortgage in order to finance your home. This could be for a number of reasons such as a change in financial position, personal circumstances or getting a better deal on your home loan (lower interest, fees, repayments). However, there are costs to refinancing…