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 ...

www.nerdwallet.com/blog/mortgages/if-you-refinance-a-mortgage-when-will-you-break-even

Feb 28, 2017 ... Part of the process of deciding whether to refinance your mortgage is ... “There are some general rules of thumb that you may have heard along ...