refinace: Refinace Can Be A Bad Idea!
- 05/18/09 10:10 AM
Don't just buy into that refinancing is a good deal for you! It may lower your monthly payment but......
Think about this: If they say you are going to save $50 a month, ask what the cost is to do the refinance. They will tell you we can do it with no out of pocket expense for you. We will just finance your cost into your mortgage. It will cost on average $3200 to refinance. Now you are paying on $3200 for 30 years. Lets say you had paid your mortgage for 3 years, so you are down to 27 … (0 comments)
Don't just buy into that refinancing is a good deal for you! It may lower your monthly payment but......
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