At Interfinance Mortgage Corporation, our mission is to guide you through the intricacies of refinancing while ensuring that it aligns with your astute financial planning. The conventional wisdom suggests that refinancing should be pursued when mortgage interest rates drop by 2%. Nonetheless, life doesn’t always adhere to textbook standards, and the mortgage industry is no exception to this rule.
The renowned 2% rule is a benchmark that suits most individuals and is often perceived as a golden standard. However, as a homeowner, contemplating long-term ownership can lead to a different perspective. In such cases, a reduction of 1.5% or even 1% in mortgage interest rates may make sound financial sense. This is because you will have ample time to recoup the costs associated with refinancing, while simultaneously benefiting from the savings offered by the lower interest rate.
In essence, Interfinance Mortgage Corporation is your reliable partner, helping you navigate the complexities of refinancing and offering tailored advice that goes beyond the cookie-cutter approach. We understand that every financial situation is unique, and we’re here to assist you in making informed decisions that align with your specific needs and long-term homeownership goals.