The current low rate environment is like nothing we’ve ever seen before. It’s easy to tune out the constant advertisements and news stories about “all-time low rates,” but this time around, the refinance process is very much worth investigating right now.
There’s a good chance the lender can pay for a most or all of the other fees like title, escrow, origination, appraisal, etc. Either way, borrowers should consider how long it will take to break even on the refinance by dividing those new hard costs (if any) by the monthly payment savings.
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Source: mortgagenewsdaily.comNew feed
Is It Already Time To Refinance Again?
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