Regina Real Estate Lawyer Offers Advice about Applying for Refinance

Robert MacKay suggests that people contemplating a refinancing system can look at their current financial standing before applying for mortgage adjustments.

Regina, Canada (prHWY.com) December 4, 2012 - Regina, Saskatchewan (November 14, 2012) - real estate lawyer in Regina Robert MacKay is sharing some practical tips regarding the right time to refinance a home mortgage. Depending on a number of economic factors, refinancing one's mortgage can be advantageous for a homeowner who requires funds for other purposes.


Aside from getting some extra cash on hand, there are a host of other reasons why people would consider refinancing their existing mortgages. People can use the savings for activities such as home renovations, purchase of additional property, investment in the stock market, or even vehicle purchases.


Another reason why people may opt to apply for a refinancing program is to combine various types of debt such as high interest credit cards and loans. By consolidating their debt into a single amount, debtors can work towards paying it off without having to interact and keep track of multiple debt collectors.


However, established Regina lawyers who are well-versed in the field of real estate advise clients to take a thorough look at their own financial standing before applying for a mortgage refinance program. Borrowers need to look at complete financial picture instead of simply focusing on their mortgage since they are putting their home equity on the line.


Robert MacKay suggests that people contemplating a refinancing system can look at their current financial standing before applying for mortgage adjustments. Among the steps Mr. MacKay suggests include obtaining a copy of one's credit scores, considering the penalties incurred, determining their proof of income, documenting the complete property information, and more.

To learn more, visit www.HomeLawyer.ca today.

About Robert MacKay


Robert MacKay, a partner at the MacKay & McLean Firm, centers his practice on real estate law. A large portion of his services is focused on helping people with their real estate concerns and issues. His practice offers off-site and out-of-office signing services to reduce the interruptions to their clients' schedules.

###

Tag Words: regina real estate lawyer, regina lawyers

Categories: Legal

Press Release Contact
2042 Cornwall Street Regina , SK , S4P 2K5 Canada

Link To This Press Release:

URL HTML Code