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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 »
Difficulty: Easy
Source: www.ehow.com

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.

www.usaa.com/inet/wc/advice-real-estate-when-should-i-refinance-mortgage

While an old rule of thumb suggests refinancing if the interest rate on your new mortgage is 2% lower than your current one, you may benefit from smaller ...

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

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 ...

sonomacountymortgages.com/2017/11/cost-to-refinance-mortgage

Nov 14, 2017 ... A good general rule of thumb when deciding to refinance your mortgage- expect closing costs to be somewhere between $2800-$3300 for loan ...

www.communityamerica.com/when-it-makes-sense-to-refinance

Another good rule of thumb when deciding whether or not you should refinance is simply comparing your monthly payments. Often, lenders will recommend ...

ficoforums.myfico.com/t5/Mortgage-Loans/Rule-of-thumb-for-refinancing-and-time-to-recoup-closing-costs/td-p/417215

I seem to remember that you needed at least a 1 point difference in your loan rate to make it worthwhile to refinance and you could recoup ...

reversemortgagealert.org/refinance

Refinancing is common for homeowners with a conventional mortgage. In fact, there's even a 'rule of thumb' which states that you should only think about taking  ...

www.wsj.com/articles/SB123153162327368989

Jan 12, 2009 ... Waves of homeowners are rushing to refinance their mortgages. ... As a rule of thumb, Greg McBride, economist at Bankrate.com, looks for a ...

caliberhomeloans.com/refinancing/when-to-refinance

With traditional refinancing, the most often cited rule of thumb is that the interest rate for your new mortgage should be at least two percentage points below the ...