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

If you're considering refinancing your mortgage, you may have searched for the “ refinance rule of thumb” to help you make your decision. Of course, there isn't a ...

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

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 refinancing move.

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 ...

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

Many homeowners believe there is some magic rule-of-thumb for refinancing, such as the often-quoted two percent rule. I still see this "rule" mentioned all over  ...

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

Feb 5, 2018 ... In that case, you may think that refinancing should be a breeze. But it may not be that simple. When you refinance, you're applying for a new loan. Whether .... Rule of Thumb · Should You Refinance with Your Current Lender?

www.bankrate.com/finance/mortgages/old-mortgage-refinance-rule-is-outdated.aspx

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 ...

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.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.

abcnews.go.com/Business/Retirement/mortgage-refinancing-rule-5s/story?id=10649069

May 17, 2010 ... The old rule of thumb was that you should refinance if you could get a rate that was 1 to 2 points lower than your current one. Well, the rules ...