January 2008 - Posts

Tuesday, January 29, 2008 11:29 AM

To Refinance or Not To Refinance?

Is the time right to refinance?  Considering the climate of the market and reduction in mortgage rates, does anyone have a “rule of thumb” they use in evaluating the decision to refinance?  When comparing your current mortgage rate to the newest borrowing rates, what is the difference in percentages that you believe is needed to make the refinance advantageous?  Should you expect to pay points?  I'd like to know what methods of thought you are all using to advise your clients considering refinance.  Thanks! 
Posted by dorriecrossley with 2 comment(s)
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