Rigth now is the best time to look at refinancing your home. Rates are very low right now (Best so far is 3.9% for a 2 year fixed. If your mortgae was done in the last two years your rates will have been higher than they are know. even for a straight switch it would be great because your mortgage payments would be lower than they are. If you need to consolidate some of your debt (or all of your debt) into your mortgage you may be looking at a just slightly higher payment depending on your ammortization period.
It could very exciting for those we are a little in debt but have equity in thier homes. Your mortgage payment may be higher but the credi card payments and or car payments would be gone.
|Term||Our Discounted||Posted Bank Rate|
|Adjustable||0.80 below prime||Prime 2.5%|
|rates as of March 10, 2009|
|Rates can change w/o notice|
Here are the rates as we have then here in Calgary AB