Posted on: 25th Jul, 2010 11:32 pm
does it make sense to refinance if interest rate is 1 percent less or 144 dollars less and i still have 26 years left on the mortgage i am single and have 2 teenagers going to college in 3 years. i dont plan to move been in home for 15 years
I would say it usually does, depending upon your closing costs. We are
doing a lot of no up-front closing cost loans, so it makes sense to
bring that payment lower. You need to look at a total of payments
calculation as well, but a lot of people are more concerned with cash
flow.
doing a lot of no up-front closing cost loans, so it makes sense to
bring that payment lower. You need to look at a total of payments
calculation as well, but a lot of people are more concerned with cash
flow.
You're the only one that can be the judge of that. By refinancing, will it ultimately improve you overall quality of living, if yes.......then yes.
