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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.realtor.com/advice/finance/6-simple-rules-for-refinance

Mar 23, 2015 ... There used to be a rule of thumb that said to refinance only when you could shave at least 1% off your interest rate. But with today's ultralow interest rates, that rule has gone the way of the VCR. Today, the ability to shave your interest by half a percentage point is a viable option. But don't go chasing interest ...

loans.usnews.com/mortgage-refinance-lenders

Refinance your mortgage for a lower rate, access cash or lock in a low rate. See how refinancing works and how to choose the best mortgage refinancing lender.

caliberhomeloans.com/refinancing

With traditional refinancing, the most often cited rule of thumb is that the interest rate for your new mortgage must be about 2 percentage points below the rate of your current mortgage for refinancing to make sense. However, with the newer low and no cost refinancing programs, it can be worth your while to refinance to ...

fso.cpasitesolutions.com/Premium/LE/09_le_gl/fg/fg-Refinancing.html

Refinancing does not make good financial sense for everyone. A general rule of thumb is that refinancing is worth while if the current interest rate on your mortgage is at least two percentage points higher than the prevailing market rate. This figure is generally accepted as the safe margin when balancing the costs of  ...

www.bankofamerica.com/mortgage/learn/refinancing-fixed-rate

Oct 5, 2016 ... The general rule of thumb is that refinancing to a fixed-rate loan makes the most sense when interest rates are low. While no one can predict whether rates will go up or down in the future, many homeowners are currently taking advantage of today's low rates to refinance from their adjustable-rate mortgage ...

aploan.com/customers/refinance

With traditional refinancing, the most often cited rule of thumb is that the interest rate for your new mortgage must be about 2 percentage points below the rate of your current mortgage for refinancing to make sense. However, with the newer low and no cost refinancing programs, it can be worth your while to refinance to ...

www.mwbankers.com/?page_id=10435

Ever heard the old rule of thumb, you should only refinance if your new interest rate is at least two points lower? That may have been true years ago, but with refinancing dropping in cost over the last few years, it's never the wrong time to think about a new loan! Refinancing has a number of benefits that often make it worth ...

expresstitle.com/frequently-asked-questions/refinancing

The old rule of thumb is that a person should refinance when mortgage rates drop 2% or more below their current interest rate. However, refinancing may be a viable option even if the difference is less. A modest reduction in the loan rate can still trim your monthly payment. For example, the monthly payment on a $100,000 ...

www.mysignaturemortgage.com/WhentoRefinance

Have you ever heard the old rule of thumb that states you should only consider refinancing if the new interest rate will be at least 2 points below your current rate ? That might have been accurate years ago, but with refinancing dropping in cost recently, it's never the wrong time to consider a new mortgage loan! Refinancing  ...