Should You Refinance Your Mortgage?
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Should You Refinance Your Mortgage?
| Tue, 06-02-2009 - 3:23pm |
Everyone these days is jumping on the “mortgage refinance” bandwagon.
| Tue, 06-02-2009 - 3:23pm |
Everyone these days is jumping on the “mortgage refinance” bandwagon.
There are different kinds of refinancing.
We just went from 25 year fixed at 6.5% to a 25 year fixed at 4.87%
That sounds like a great deal!
I also like to add my home is not exactly my biggest investment I ever made as claimed by the original poster. Over the years I spent more on tuition and training and other educational expenses than on my humble dwelling.
Edited 6/2/2009 6:33 pm ET by marie_1229
Calculator and amortization table, just plug in the numbers and it tells you everything. Free. Available online.
http://www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx
I think most people on this board are savvy enough to understand how a mortgage works.
pincats is right though.
Yeah sorry about that-