Rules of Thumb for Refinancing
Refinancing your mortgage is a process that, if done at the right time, can save you a lot of money over the long-term. You should look into refinancing if you have a fixed-rate mortgage and your interest rate is higher than current rates, or if you have... More »
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Source: www.ehow.com

www.investopedia.com/ask/answers/09/refinancing-mortgage.asp

Apr 26, 2018 ... The typical rule of thumb is that if you can reduce your current interest rate by 0.75% to 1% or higher, then it might make sense to consider a ...

www.thetruthaboutmortgage.com/the-refinance-rule-of-thumb

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.

www.doughroller.net/mortgages/when-to-refinance-your-mortgage

Jan 16, 2018 ... Lowering the interest rate on a mortgage is the primary reason most homeowners refinance their home loan. Back in the day, the rule of thumb ...

www.fool.com/mortgages/2017/02/23/should-i-refinance-my-mortgage.aspx

Feb 23, 2017 ... One rule of thumb is that refinancing can be worth it if there's a difference of at least one percentage point between your current mortgage rate ...

www.lendingtree.com/home/refinance/should-i-refinance-my-home

Feb 5, 2018 ... In the first week of January 2018, the average 30-year mortgage rate dropped slightly to 4.1%, from 4.15% the week before. Whenever interest ...

www.homebuyinginstitute.com/mortgage-refinance-9.php

What is the rule of thumb for refinancing a mortgage? ... This refinance rule of thumb doesn't consider: (A) how much your closing costs are, (B) what your tax ...

www.thebalance.com/refinancing-breakeven-and-more-315660

Feb 14, 2017 ... The traditional rule of thumb (which you should use with sparingly) for figuring out when to refinance is a basic breakeven analysis.

www.mtgprofessor.com/A%20-%20Refinance/when_does_refinancing_really_pay.htm

The popular method of calculating the break-even period on a refinance is subject to ... Many loan officers use this rule of thumb, which completely ignores how ...

homeguides.sfgate.com/percent-decrease-should-refinance-home-9485.html

Jul 18, 2017 ... The traditional rule of thumb is that it makes financial sense to refinance if the new rate is 2 percent or more below your existing interest rate.