profit: How to Calculate the Cost vs. Benefit of Refinancing - 10/12/11 10:27 AM
How to calculate the cost vs. benefit of refinancing
Whether or not you should refinance will depend at least 3 things:
The costs associated with refinancing The total monthly savings the refinance equates to. How long you plan to stay in the home or hold the loan Once you calculate how many months of savings it will take to cover all the costs of refinancing (including any costs added to the principle balance of your loan) you can more easily assess whether or not it makes sense for YOU to refinance.
Here is an example. The numbers I'm using make for … (0 comments)

 
Benjamin Clark, Buyer's Agent - Certified Negotiation Expert (Homebuyer Representation, Inc.)

Benjamin Clark

Buyer's Agent - Certified Negotiation Expert

Salt Lake City, UT

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