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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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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.fhahandbook.com/blog/when-to-refinance-rule-of-thumb

When does it make sense to refinance my mortgage loan? Is there some kind of rule of thumb to go by? That depends on your reasons for refinancing. If you're ...

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www.bankrate.com/finance/mortgages/old-mortgage-refinance-rule-is-outdated.aspx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