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Sit down with your lender to review the options and determine if a refinance is a good idea for you at this time. You'll consider the closing costs, etc. and then weigh that against the monthly difference in the payments. This refinance calculator can help, too: http://www.mortgage101.com/refinance-calculator
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How much must one give for down payment on a no doc mortgage?
Typically, a no doc mortgage, short for a mortgage in which no documents are required, can be acquired when a large portion of the payment is received up front. A good rule of thumb is at least 75 percent of the cost should be paid up front.
What are the risks involved with a remortgage?
The biggest risk in a remortgage, or refinancing your home, is losing money in the deal through closing costs etc. A simple rule of thumb is to ask your mortgage officer to run the numbers for you to see what the break-even point time frame is. If you don't plan on living in your house longer than that, do not get a remortgage.
What is a good rule of thumb to determine if you are intoxicated?
The rule of thumb is if you have had one drink, you may be intoxicated and should not drive. However, if you notices slurred speech or stumbling, you are intoxicated.
What does rule of thumb means?
"Rule of Thumb" means a rule or principle that provides guidance to appropriate behavior.
What would be a good rule of thumb while out clubbing with friends?
If you are drinking alcohol , a good rule of thumb is to stick to one alcohol- containing drink per hour. Alternate an alcohol-containing beverage with an alcohol-free one.
What is thumb rule?
The rule of thumb is not intended to be accurate or reliable for every given situation. When a person is doing something by the rule of thumb, they are taking an educated guess.
The phrase rule of thumb is best understood to mean?
what does the phrase rule of thumb mean
What should the humidity level in the house?
50-60% is usually a good rule of thumb.
What is the plural form of rule of thumb?
Rules of thumb
What is rule of thump?
A misspelled "Rule of Thumb"
What grades do you have to go university?
A good rule of thumb would be ...It takes B's or better to get into a decentUniversity.
One car length is a good rule of thumb when following behind another vehicle?
Yes
