How Do I Refinance My Home In Order To Save Money?
This is a question many people ask, and the answer is very simple.
In the refinancing industry, there is a simple rule of thumb that almost everybody follows, to give a quick and dirty estimate of whether or not it’s a good idea to reset your rate in order to save money.
Ready? Here it is.
Check the current market rate. Is the going rate at least two percent lower than the one you’ve got locked in presently?
If it is, then it’s time get a move on. Now is the time to make the switch.
By changing it, you can easily save hundreds, if not thousands, of dollars on your mortgage interest rate payments every single month.
Could you use a couple hundreds bucks extra each month?
Of course you could.
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