ou might be wondering if home mortgage refinance is an easy thing to do. Read on below to find out.
Up to what percentage should be the drop in the interest rates before you consider refinancing your mortgage?
There is no specific secret to this and no certain number can be determined. The financial market hosts to a never ending change so instead of watching out for any specific rates, better yet compute your potential savings. You can do this by comparing your current monthly dues to the payment that you will have to pay for should you refinance your home mortgage. In computing though, just include the principal as well as the interest charges and closing costs. Disregard the … Read More