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www.dupaco.com/dupacodaily/2016/05/is-it-time-to-refinance-your-mortgage.html

May 18, 2016 ... Several factors should be weighed on a case-by-case basis when determining whether refinancing your mortgage is worthwhile. The old rule of thumb recommends refinancing when you can drop your interest rate a full percentage point or shave $100 from your monthly payments, according to Frederick, ...

trmkmortgage.trustmark.com/public/d5/p6

But there are many other legitimate motivations. There is no “one-size-fits-all” solution, but here are a few reasons why you might want to consider a refinance. Lower payments. When rates fall, it's always tempting to refinance. A common rule of thumb is that a 2% drop in rates will make it worthwhile. But this is not universal.

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 action if interest rates have fallen by 2% or more. To give you a concrete example , the rule of thumb would tell a borrower with a home loan at 5% to begin thinking  ...

www.mhqfinancial.com/WhentoRefinance

Ever heard the old rule of thumb that states you should only consider refinancing if your new interest rate will be at least two points under your existing one? That could have been accurate years ago, but since refinancing has been costing less recently, it is a good time to consider a new loan! A refinance is often worth its ...

www.hsh.com/refinance/refinance-is-it-right-for-you.html

Feb 4, 2010 ... The traditional refinance rule of thumb -- that you must get an interest rate at least 2% below the interest rate you currently have -- is often wrong. Why? Waiting for a two percent difference from your rate to show up in the marketplace can actually cost you money. For some people, as little as one-half of one ...

www.cri-group.com/page.php?pg=Refinancing

The old rule of thumb is that you should refinance your home if interest rates fall more than 2 points below your existing mortgage rate. That's because refinancing usually involves most of the same closing costs (loan origination fee, prepaid interest, etc.) as the original loan. For anything less than 2 percent, the savings on ...

www.midtownmtg.com/refinancing-tips

However, the ultimate amount you may save depends on many factors, including your total refinancing costs, whether you sell your home in the near future, and the effects of refinancing on your taxes. The old rule of thumb used to be that you shouldn't refinance unless the new interest rate is at least two percentage points  ...

www.mortgageholmgren.com/LoanPrograms/va-loans

As a rule of thumb, almost all active duty or honorably discharged service members are eligible for a VA loan. ... including: Whether you are Active Duty, Retired, Guard or Reserve and whether you this is a first time use, subsequent use, or a cash-out refinance as well as how much of a down payment you are putting down.

www.in.gov/dfi/2487.htm

Would Refinancing be Worthwhile? A general rule of thumb is that refinancing becomes worth your while if the current interest rate on your mortgage is at least 2 percentage points higher than the prevailing market rate. This figure is generally accepted as a safe margin when balancing the costs of refinancing a mortgage ...