no cost refinance: Zero Point - Zero Cost Refinances
- 02/07/08 01:06 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)
Welcome to Our Learning Center!
Here you can find a variety of topics to broaden your knowledge of mortgages. Here, you will find everything from mortgage basics to advanced topics. Your upfront education will help to save you significant money during the life of your loan.
Recently, the #1 question that I have been asked is, "Should I refinance my property while rates are low?" 
;)
;)
