when should i refinance my mortgage rule of thumb

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Refinance – Corporate Investors Mortgage Group, Inc. – Should I refinance? By refinancing, you can lower the amount of interest you pay on your existing loan and lower your monthly mortgage payments. A historic "rule of thumb" is that it is worth the cost of refinancing if you can reduce your interest rate by at least 2%. However today, many lenders think lowering the rate by even 1% is worth a.

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Should I Refinance? The Rule of Thumb Has Changed – My "Should I Refinance" Rule Of Thumb. Instead of focusing on only getting the lowest refinance rates use page two of the Good Faith Estimate to figure out how long it’s going to take you to break even.

6 Questions to Ask Before You Refinance . FACEBOOK TWITTER LINKEDIN By Amy Fontinelle. updated nov 23, 2016 .. Should You Refinance Your Mortgage When Interest Rates Rise? Mortgages .

When Should You Refinance Your Mortgage? | Wise Piggy – The rule of thumb among many financial experts is that you should refinance if you can cut the mortgage rate you’re currently paying by 1 or 2 percentage points or more. But it can be a bit more complicated than that. Still, making the smart choice isn’t difficult.

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Refinancing a Mortgage-How to Do It and Why a Refi Might Be. – (One rule of thumb says that if your interest rate is more than 1% above current rates, refinancing is a smart move.). Some borrowers want to refinance an adjustable-rate mortgage into a fixed.

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by Chapman Lending Team and get more interesting and insightful blog posts from the team at Homebridge Financial Services.. which is a pretty good rule of thumb. No one wants to feel house poor.. Can I refinance 100% of my home’s value with a VA loan?

Should I Refinance My Mortgage? — The Motley Fool – One rule of thumb is that refinancing can be worth it if there’s a difference of at least one percentage point between your current mortgage rate and the new rate you can get.