Comments on: When does it make sense to refinance home given our situation? http://www.refinance--blog.com/renting-real-estate/when-does-it-make-sense-to-refinance-home-given-our-situation Refinance Information and Deals Tue, 22 May 2012 16:13:46 +0000 http://wordpress.org/?v=2.7 hourly 1 By: 65% water http://www.refinance--blog.com/renting-real-estate/when-does-it-make-sense-to-refinance-home-given-our-situation/comment-page-1#comment-47 65% water Thu, 20 Nov 2008 00:30:31 +0000 http://refinance--blog.com/renting-real-estate/when-does-it-make-sense-to-refinance-home-given-our-situation/#comment-47 The question is not so much how low does the interest rate have to fall, but whether any lender will give you a fixed rate loan at a significantly lower rate of interest. Unless your credit is better than God's and you have tons of equity in the home, I'd say you're not going to get a much better loan in the near future. The question is not so much how low does the interest rate have to fall, but whether any lender will give you a fixed rate loan at a significantly lower rate of interest. Unless your credit is better than God’s and you have tons of equity in the home, I’d say you’re not going to get a much better loan in the near future.

]]> By: Mr_Blue http://www.refinance--blog.com/renting-real-estate/when-does-it-make-sense-to-refinance-home-given-our-situation/comment-page-1#comment-46 Mr_Blue Mon, 17 Nov 2008 04:11:27 +0000 http://refinance--blog.com/renting-real-estate/when-does-it-make-sense-to-refinance-home-given-our-situation/#comment-46 I would compare your current monthly payment to a loan under current rates. The other thing to consider is potential closing costs on new loan. The other thing to consider is whether you intend to stay in your home for a while - like five years or more - especially if you have to pay closing costs. Below is a link to a refinance mortgage calculator. I would compare your current monthly payment to a loan under current rates. The other thing to consider is potential closing costs on new loan. The other thing to consider is whether you intend to stay in your home for a while - like five years or more - especially if you have to pay closing costs.

Below is a link to a refinance mortgage calculator.

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