answersLogoWhite

0

It is best to refinance a mortgage, only if you will save at least 2% on the interest rate, or if you will significantly shorten the term of the loan. One can also save money if one converts from an adjustable rate mortgage to a fixed rate loan.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

Where can one find mortgage refinancing in Jacksonville?

Mortgage refinancing in Jacksonville can be done at any local bank. Refinancing can also be done at mortgage refinancing specific places such as Jacksonville Mortgage and American Equity Mortgage.


Where can one find mortgage refinancing calculators?

One can find mortgage refinancing calculators at a website called Realtor. Other websites that one can find mortgage refinancing calculators at include Zillow and CGI.


What are the advantages to refinancing your mortgage?

There are several advantages to refinancing one's mortgage. Some of these include: refinancing can lower one's monthly payment, it helps manage one's credit, and it helps one pay off their mortgage sooner.


What are the benefits of no cost mortgage refinancing?

No cost mortgage refinancing can save you money by eliminating upfront fees and closing costs, potentially lowering your monthly payments and allowing you to break even on your refinancing sooner.


Where can a home mortgage refinancing lender be found?

If someone is interested in home mortgage refinancing, it is important to find a home mortgage refinancing lender. One can be found by going to mortgage calculator websites or mortgage review websites.


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.


Where can one locate a mortgage refinancing calculator?

Someone looking to locate a mortgage refinancing calculator could find one online or at a specialty electronics store. Mortgage refinancing calculators are most easiest to find online.


Where can one learn more on FHA mortgage refinancing?

There are many websites with information on FHA mortgage refinancing. These places are great for learning about FHA mortgage refinancing, as a person does not have to leave their home to read up on it. FHA, The Mortgage Reports, Zillow, Bank Rate, and NASDAQ all have information on FHA mortgage 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.


How does refinancing a mortgage work?

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


When is mortgage refinancing not a good idea?

Mortgage refinancing is not a good idea when you have had your mortgage for a long period of time.


Where can one get help to refinance himself or herself out of bankruptcy?

One can get help refinancing a mortgage by visiting a bank or a mortgage specialist. This type of refinancing can help someone to get out of bankruptcy.