refinancing loan: Is Refinancing your Home Loan a smart choice?
- 06/19/10 03:16 AM
To simplify refinancing your home and to decide if it is beneficial for you to do so you must first understand cost of money over time. Every month you make a mortgage payment you are essentially re-purchasing your home at (your current loan balance $$$ and current rate %%%). If you are in a position to refinance you are making a decision to re-purchase your home at a lower cost. Most consumers don’t refinance because they cannot justify the closing costs involved and end up making their decision not to refinance based purely on costs. If you were looking … (0 comments)
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