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New Rules of Refinancing Your Home – Kiplinger – New Rules of Refinancing Your Home You can cut your payment, but it won’t be easy. By Pat Mertz Esswein , Associate Editor From Kiplinger’s Personal Finance , February 2013
When and How to Refinance a Mortgage — Mortgage Professor – The rule of thumb does not work for any borrower who is concerned with how long they have to pay, which should be every borrower. Combining the Refinance Analysis With Mortgage Shopping . The answers generated by refinance calculators are no better than the current mortgage prices the user must enter to make the calculators work.
Everything You Need To Know About Mortgages – InMyArea.com – When To Refinance Once upon a time, a rule of thumb for refinancing was to wait until rates drop at least 2 percent. Fees were a lot higher back then, so a larger interest rate difference was required if you were to recoup loan costs in a reasonable amount of time.
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Refinance Student Loans: Tips and Advice | Bankrate.com – Rules of thumb on debt and refinancing. When it comes to student debt, every situation is unique. Still, using a few simple formulas can help you get a general idea of your current status, your.
Refinancing: 2% rule of thumb – Mortgagefit – The 2-percent rule is a thumb rule to find whether refinancing will be a good option on a mortgage. The rule indicates that it will be good to refinance if the rate is reduced by 2% as a result. It has become almost obsolete now.
The Refinance Rule of Thumb | The Truth About Mortgage – Another common refinance rule of thumb says only to refinance if you plan to live in your home for "X" amount of years, or only to refinance if you’ll save "X" dollars each month. Again, as seen in our example above, you can’t just rely on a blanket rule to determine if refinancing is a good idea or not.
Mortgage Advice > 2% rule of thumb in refinance – Gianni cerretani (mortgagegodfather) #34 ranked lender in Georgia – 238 contributions The 2% rule is that most of the time when you are refinancing for it to be financially worth it, the general rule of thumb is that you want to see a decrease in your current interes rate of 2%.
Mortgage Rule Of Thumb – Mortgage Rule Of Thumb – Visit our site and learn about the benefits of mortgage refinancing. We can help you reduce your monthly payment and obtain a lower interest rate.
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The 2 Percent Refinance Rule – Fact or Fiction? – The 2% rule is an old rule-of-thumb for deciding whether or not to refinance your mortgage. The reality is, it’s not quite that simple, and never has been.