Real Estate Law Blog : Staten Island Real Estate Lawyer » saving money http://www.thenyrealestatelawblog.com by Steven T. Decker, Esq., Real Estate Attorney Wed, 17 Jun 2009 17:06:19 +0000 http://wordpress.org/?v=2.8.2 en hourly 1 SAVING MONEY WHEN YOU REFINANCE YOUR MORTGAGE http://www.thenyrealestatelawblog.com/saving-money-when-you-refinance-your-mortgage/ http://www.thenyrealestatelawblog.com/saving-money-when-you-refinance-your-mortgage/#comments Wed, 29 Apr 2009 18:32:29 +0000 Sdecker http://www.thenyrealestatelawblog.com/?p=21 Before attempting to refinance your mortgage a homeowner should make do three things-clarify your refinancing goals, investigate several lenders and make sure you are in fact saving money.  Whether your goal is to reduce your payments, borrow additional money for other uses or change your mortgage from an adjustable to a fixed rate, you need to be clear.  To be sure that your refinance will meet your goals homeowners must look at three factors BEFORE starting the process.  Without a true understanding of INTEREST RATES, CLOSING COSTS and MORTGAGE TAXES, the potential savings from a lower mortgage rate may be lost.  Your attorney can explain the best way to determine these costs and whether or not a refinance is appropriate. Speak to your attorney or accountant before beginning the process.

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