Mortgage Refinancing – Financial Rules of Thumb Series – [This post is part of the Financial Rules of Thumb series. Check out the rest here!] Rules of Thumb for refinancing your mortgage are hard to come by. The one I’ve heard most often is "Refinance your home when interest rates have dropped by more than 1%" Interest rates are still hanging around historic lows.
Mortgage World Bankers When to Refinance – Ever heard the old rule of thumb, you should only refinance if your new interest. When you refinance, you might be able to lower your interest rate and monthly.
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Refinance Rule of Thumb Is Faulty – JACK M. GUTTENTAGSPECIAL TO THE TIMES; Jack M. Guttentag is a syndicated columnist and a professor of finance emeritus at the Wharton School of Business of the University of Pennsylvania QUESTION:.
31 Best Money Rules of Thumb You Need to Know – We’ve found 31 rules of thumb that help you master your money. Rules of thumb are basically loose “rules” that apply broadly to many different situations. We talk about rules of thumb a.
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Always Take the Match on Your 401(k)? – The Planning Center – [This post is part of the Financial Rules of Thumb series. Check out the rest here!] The 401k match is incentive offered by many companies to encourage retirement savings by their employees. During the latest financial downturn, some companies eliminated their match but they’re coming back as corporate earnings recover. So should you.
Another common refinance rule of thumb says only to refinance if you plan to live in your home for "X" amount of years, or only to refinance if you’ll save "X" dollars each month. Again, as seen in our example above, you can’t just rely on a blanket rule to determine if refinancing is a good idea or not.
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When should I refinance my mortgage in this economy? These are some of the most common questions among homeowners these days. Here are some answers for you. Many homeowners believe there is some magic rule-of-thumb for refinancing, such as the often-quoted two percent rule. I still see this "rule" mentioned all over the Internet.
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The 2% rule is an old rule-of-thumb for deciding whether or not to refinance your mortgage. The reality is, it’s not quite that simple, and never has been.
Should I refinance – NewThresholdMortgage – Ever heard the old rule of thumb that says you should only consider refinancing if the new interest rate will be at least two points below your present one? That may have been valid years ago, but with refinancing dropping in cost over the last few years, it’s a good time to think about a new mortgage loan!