HOMEOWNERS COZY UP TO REFINANCING – It also gives us some more money to put in the bank.” A long-time rule of thumb is that there should be a differential of around 2 percent between your old rate and the new one to justify refinancing.
The traditional rule of thumb (which you should use with sparingly) for figuring out when to refinance is a basic breakeven analysis. This process allows you to figure out how long it will take to recuperate the closing costs you’ll have to pay to refinance.
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Refinance Process | California Mortgage Broker – Refinancing a mortgage is the process of acquiring a new loan to pay off an existing lender.. The rule-of-thumb is 8-12 months, but there may be exceptions.
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When should I refinance my mortgage in this economy? These are some of the most common questions among homeowners these days. Here are some answers for you. 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 the Internet.
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60-Second Guide to Smart Refinancing — The Motley Fool – The financial industry is fond of rules-of-thumb, and it can regale you with plenty of tales on the topic of refinancing. But there's a lot more to this big-ticket.
Your Mortgage Refinancing Checklist: Ready to Refi? | PennyMac – Before mortgage refinancing, you should run through the checklist. Here's a good rule of thumb: if the current interest rate is at least a half.
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How Soon Can I Refinance My Mortgage After Purchasing a Home. – Each lender has different rules that dictate how quickly you can refinance, not to mention what qualification requirements you need to meet in order to proceed.
60-Second Guide to Smart Refinancing – The financial industry is fond of rules-of-thumb, and it can regale you with plenty of tales on the topic of refinancing. But there’s a lot more to this big-ticket decision than simply deciding.
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