answersLogoWhite

0

Reasons to use a Refinance Mortgage Rate Calculator?

Updated: 9/16/2019
User Avatar

Wiki User

12y ago

Best Answer

Over the past few years, the poor economy has helped keep mortgage rates at a historically low level.� Since rates are so low, most people could benefit by refinancing their mortgage.� However, prior to going through the process of refinancing your mortgage, it would be a good idea to use a refinance mortgage rate calculator.

A refinance mortgage rate calculator will take all of your personal and mortgage information and determine how much money you will save each month through the refinance.� The calculator will also factor in how much you will have to spend in fees and it will determine how long it will take for you to break even on the refinance.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Reasons to use a Refinance Mortgage Rate Calculator?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Where can you find a refinance mortgage rate calculator?

One can find a refinance mortgage rate calculator on a number of banking websites. For instance, there are some calculators on Zillow, Realtor, and BankRate websites.


How does a mortgage refinance calculator work?

A mortgage refinance calculator takes a collection of user-inputted data such as mortgage value, yearly dues, interest rate, and more. From this, the calculator determines how soon the mortgage will be paid off.


Where can I find a remortgage lender?

low home loan mortgage interest rates from hundreds of mortgage ... refinance, mortgage rate, refinance news and calculator, and mortgage lender directory.


Where can I get a refinance mortgage rate calculator?

Mortgage rate calculators are offered on every bank website. Not sure what refinance mortgage means, but it might be best to book an appointment with your bank so that you can get the best available information.


Where can I find a refinance mortgage rate calculator?

You may want to check out Youtube.com for information on mortgage calculator. They have how to's and instructional videos on how to get things complete safely and accurately.


Where can one learn more on rate refinance in the UK?

One can learn more about rate refinance in the UK on the 'Money Matchmaker' website. 'UK Mortgage Rates', 'Mortgage Calculator' and 'Bankrate' also have information on this subject.


What are some reasons to refinance a home mortgage?

Some reasons for refinancing a mortgage is lowering mortgage rate, change in family composition, purchasing other properties for investment and switching the mortgage type from Adjustable-Rate Mortgage (ARM) to a fixed-rate mortgage.


Why might one want to refinance a mortgage at a lower rate?

There are many reasons why someone would want to refinance a mortgage at a lower rate. The main reason to refinance at a lower rate is to pay less interest over a long period of time.


Where can one find a calculator to advise whether to refinance their loan or mortgage now?

There are many websites whereby one can find a calculator to advice whether to refinance their loan or mortgage now. These websites include "Zillow" and "Bank Rate".


Where can one find a refinance interest rate calculator online?

One can find a refinance interest rate calculator online at many different sites. CalcXML is one such site. Bank Rate is another, and Mortgage-Calc is a third. Additionally, Nationwide, Chase, and Capital One all have refinance rate calculators online.


Which companies online offer a free mortgage quote?

Bank Rate is a good company with a free refinance mortgage calculator that you can use to estimate what a refinance will do with your mortgage payments. Also the calculator will help assist to see the savings difference that you will be saving with a different or lower interest rate to see if in fact the refinance will save you money and allow enough money to use your equity that you may have on your previous loan.


How to Use the Refinance Mortgage Loan Calculator?

The refinance mortgage loan calculator is an online tool which is actually fun to use when figuring what your payment will be if you decide to refinance your mortgage. After you look at the various types of loans and the length of time you would have to repay them, you type in how much you want to borrow, the interest rate, along with the type of loan you want, such as 30 year fixed, click "submit" and let the calculator provide you with your answer.