Real estate blog entries tagged with noclosing cost refinance by Open Mortgage LLC

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Home : Blogs : Dmitry Perlovich Wealth Building Coach : Wealth Building Coach (Mortgage, Insurance, Credit Repair)-Dmitry Perlovich : Tag "noclosing cost refinance"

noclosing cost refinance: Should you refinance now? - 05/23/08 01:25 AM

From my experience, most people refinance their current mortgage to save money or to get out of adjustable-rate mortgages into a fixed rate. Refinancing is like making an investment. You need to balance the cost of refinancing with the amount of interest you save over time. The savings are really your return on investment from refinancing.
With zero point and no-cost refinance programs, the cost of refinancing can be eliminated as a consideration. However, the trade-off with most of these creative finance programs is paying a somewhat higher interest rate.
When your primary motive is to save money by refinancing or … (3 comments)

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