As a rule many people believe a good time to refinance a loan is when you are getting a home loan rate of one percent or lower. So if you were at 7% interest rate you would not want to refinance... the refinance is going to cost some money. The average closing cost on a mortgage amount of $225,000... this cost. So we will need to be in the home at least 3 years to make up for the cost of the refinance... to refinance one percent. If we have a very low ,home loan for example, of $75,000. We use the same
Refinancing, Is It Going To Help Me? | Tips Ideas Solutions
Friday, August 21, 2009 at 11:21 AM Posted by kang roy
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