|
now that mortgage rates are coming down, when to refinance?
| Posted By |
Message |
femalej
LIF Adolescent
Member since 7/11 833 total posts
Name:
|
now that mortgage rates are coming down, when to refinance?
is there a rule of them or an algorithm to tell me if its worth refinancing?
tia!!!
|
Posted 10/11/11 12:07 PM  |
| |
|
Long Island Weddings
Long Island's Largest Bridal Resource | Prudential Douglas Elliman Real Estate |
|
|
Re: now that mortgage rates are coming down, when to refinance?
I've heard people say that if you will save over a percentage point on your rate, it's worth it.
But honestly, I think you need to figure out what rate you could get (which will depend on your personal circumstances and the lender), how much it would save you a month (dollars-wise), and then look at the costs involved with refinancing, so you can weigh out the cost/benefit. That's the only way you can figure out if it will make sense for you to do it!
|
| Posted 10/11/11 1:51 PM |
| |
|
LittleDiva
LIF Adult
Member since 9/11 1284 total posts
Name:
|
Re: now that mortgage rates are coming down, when to refinance?
Posted by femalej
is there a rule of them or an algorithm to tell me if its worth refinancing?
tia!!!
if you want, fm and ill give you my guys info
Message edited 4/19/2021 5:17:09 PM.
|
| Posted 10/11/11 3:24 PM |
| |
|
Potentially Related Topics:
Currently 778389 users on the LIFamilies.com Chat
|
