Fred Schmidt Jr.

Sales Associate Broker

Traverse City-402

402 E Front St

Traverse City, MI49686

CBGreatLakes.com › 10635 25 1/2 Mile Rd, Albion, MI 49224 › Blog › When does it make sense to refinance???

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When does it make sense to refinance???

How long will it take to break-even on a mortgage refinance?

That depends on a multitude of factors. These factors include your current interest rate, the new potential rate, closing costs and how long you plan to stay in your home.

If you have been tied to a variable rate mortgage, it can be frustrating not knowing what your future payments might be.  Or perhaps you have credit card debt that you might want to roll into a new mortgage. 

The decision to refinance or stay with you current mortgage is never easy.  You might find the followiing site helpful in making a decision:

 

http://www.forthebestrate.com/java/MortgageRefinance.html

 

 

Posted by Fred Schmidt @ 4:39 PM on 03/29/2008
Tags: Interest Rates Mortgage Refinance