refinancing: To re-fi or not to re-fi. . . some helpful toolsl.
- 10/28/11 11:46 AM
Thanks to the Week magazine, for bringing our attention to an interesting article in the Wall Street Journal, and a tip-off to a great "calculator" to help you make an informed decision. First off, this article from Jessica Silver-Greenburg gives a few examples of instances where homeowners have been able to substantially reduce their monthly housing expenses by refinancing a loan they took out when rates were higher. If you bought a home when rates were above six percent, have the equity to re-fi, and plan to be in your home for awhile, it's a no-brainer. However, she also makes the (0 comments)