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The amount you will save by refinancing your loan depends on factors such as the new interest rate, loan term, and any fees associated with the refinance. It's important to compare the total cost of your current loan with the total cost of the new loan to determine potential savings.

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AnswerBot

6mo ago

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Related Questions

Can a refinance calculator show you how much money you can save?

A refinance calculator compares your current loan to a new loan. The comparison will reveal if you will save money by refinancing your existing loan, end up with a lower payment, and if you will save on interest and fees.


What are the benefits of refinancing my home loan?

Refinancing a home loan can lower your monthly payments, reduce your interest rate, shorten the loan term, and help you save money in the long run.


What are the important questions to ask when refinancing a loan?

When refinancing a loan, important questions to ask include: What is the new interest rate? What are the closing costs? Will the new loan term be shorter or longer? How much will you save in total interest payments? What are the potential penalties for early repayment?


What is another term for refinancing a car loan?

Another term for refinancing a car loan is "auto loan refinancing."


How much can I save by refinancing my mortgage?

The amount you can save by refinancing your mortgage depends on factors like the new interest rate, loan term, and closing costs. It's important to compare the total costs and potential savings before deciding to refinance.


Where can you go for online loan refinancing?

There are lots of online resources for loan refinancing. The most famous are e-Loan and Lending Tree. Just google for 'online loan refinancing'.


Is it worth refinancing my loan?

Refinancing a loan can be worth it if you can secure a lower interest rate or better terms that will save you money in the long run. It's important to carefully consider the costs and benefits before making a decision.


What benefits come with refinancing a mortgage?

The main benefit of refinancing a mortgage is to lower the interest rate. This could potentially save thousands of dollars throughout the life of the loan.


How does refinancing a home loan work?

Refinancing a home loan involves replacing your current mortgage with a new one that has better terms, such as a lower interest rate or shorter repayment period. This can help you save money on interest payments or pay off your loan faster.


What is the meaning of vehicle refinance calculator.?

A vehicle refinance calculator helps you calculate if refinancing your current car loan will help you save money. Refinancing a car loan is especially helpful when you owe more on a car then its actual worth.


i have a modular home inapark which is paid off. to apply for a loan on this home is it refinancing or a home loan?

It is refinancing not a home loan. For more information on refinancing go to web site www.ditech.com


Are you considering refinancing your mortgage?

Are you thinking about refinancing your home loan?