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free home loans: Zero Point - Zero Cost Refinances - 02/07/08 09:06 PM
Recently, the #1 question that I have been asked is, "Should I refinance my property while rates are low?"
How can you tell if the benefits of the monthly savings out weigh the cost? As I am fond of using actual figures to demonstrate my view point, please allow me to explain how to calculate the "real" savings.
For example, let's say you currently have loan in the amount of $400,000.00 at 6.5%. Starting with this assumption, we can guesstimate the following based on today's rates:
1) Current Loan = $400,000.00 @ 6.5% = $2,528.27/month
2) New 0 Point - 0 Cost Loan = … (1 comments)
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Aaron Reno
Santa Clarita,
CA
More about me…
Intuitive Loans
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Email Me
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