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The Refinance Rule of Thumb | The Truth About

Mar 21, 2012 ... If you're considering refinancing your mortgage, you may have searched for the “ refinance rule of thumb” to help you make your decision.

Old mortgage refinance rule is outdated -

Sep 20, 2010 ... The old rule of thumb that you shouldn't refinance unless the new mortgage rate is at least 1 percent less than the old interest rate isn't the best ...

6 Tips for Refinancing Your Home – Financial Rules of Thumb Series

Jul 16, 2011 ... Rules of Thumb for refinancing your mortgage are hard to come by. The one I've heard most often is “Refinance your home when interest rates ...

How do I know if I should refinance my mortgage? - Investopedia

The typical rule of thumb is that if you can reduce your current interest rate by 0.75-1% or higher then it might make sense to consider a refinancing move.

When and How to Refinance a Mortgage -- Mortgage Professor - Refinance/when_does_refinancing_really_pay.htm

Jan 23, 2001 ... "Since it costs money out of my pocket to refinance, how do I know ... This widely used rule of thumb is a misapplication of the principle that ...

Should You Refinance? The Rule of Thumb Has Changed - CBS ...

Apr 27, 2009 ... There used to be a rule of thumb that said "Don't refinance unless you could drop the interest rate by 2 percentage points." And that rule of ...

Raring to Refinance Your Mortgage? - US News & World Report

Aug 15, 2014 ... When weighing whether to refinance, many people rely on a rule of thumb that a reduction of 1 percentage point makes refinancing worthwhile.

Refinancing Can Mean Big Savings [ Home Center]

When it comes to mortgage refinancing, however, such rules of thumb can be misleading. The interest rate cut required to come out ahead will vary dramatically ...

What is the rule of thumb to refinance a mortgage? My current rate ...

Jun 17, 2010 ... There is no rule of thumb, to many factors. But what you should look for is a good savings every month and abilty to recoup closing fees in ...

When to Refinance Your Mortgage - The Dough Roller

Apr 12, 2011 ... Confused as to whether you should refinance your mortgage? ... Back in the day, the rule of thumb was to refi a mortgage when the rate had ...

Popular Q&A
Q: When to Refinance Rule of Thumb?
A: One of the best benefits you can get by using patterns of refinancing your mortgage is a new loan at a lower rate of interest to help you pay your mortgage can ... Read More »
Q: When to Refinance Rule of Thumb
A: Refinancing your mortgage to a lower, more affordable rate sounds like a great deal.  But before you make any decisions to do so, it’s important for you to unde... Read More »
Q: When to Refinance Rule of Thumb ?
A: there are many refi calcs on the web, but generally 1.5% difference in rates is a good rule of thumb. Don't ignore closing costs! Read More »
Q: When to Refinance Rule of Thumb Myths
A: You've probably found yourself at one time or another wondering whether it was a good time or not to refinance the house. You figure you can consolidate some bi... Read More »
Q: Is There a Rule of Thumb for When to Refinance a Mortgage?
A: Use the 2 percent rule when it comes to interest rates. That is, if the interest rate on a new mortgage would be two percentage points or more lower than your c... Read More »