| Author |
Message |
|
|
 hanth23
Joined: 22 Jul 2007
Posts: 23
11.06 Dollars($)
|
 Posted: Sun Jul 22, 2007 6:10 am Post subject: Refinance |
|
|
| What is to be kept in mind, when you refinance. |
|
|
jameshogg
Joined: 20 Dec 2005
Posts: 5167
Location: nevada
645.98 Dollars($)
|
| Posted: Mon Jul 23, 2007 12:34 am Post subject: RE: Considerations for refinance |
|
|
Hi hanth,
When you are thinking of refinancing, you need to check if the probable rates offered to you are comparatively lower than that on your existing loan. Also, you need to determine how long you will be staying in the property. This will help you to determine the number of years you will take to recoup the costs of taking out a refinance loan.
For the other considerations, you can refer to the refinance section. This will help you to actually find out if refinance is the right option for you.
Thanks |
|
|
Dianne Chapell Hagen from
Guest
|
| Posted: Mon Jul 23, 2007 1:59 pm Post subject: |
|
|
"What is to be kept in mind, when you refinance." -----
A very popular decision making tool many use is the 2% rule. It means that by refinancing if you are able to reduce your interest rate by at least then it is beneficial to go for a refinance. |
|
|
