When to refi?

[KIBU]

Hi Threadkiller,

I think you may want to put more info in before these experts will chime in:

1. How many more years do you have to pay your current.

2. Current principal amount = ?

3. What rate do you think you want to refinance?

4. Do you refinance thru bank or broker?

[UCGal]

Russell posted a very good calculator (in a thread started by flu). It takes into account the costs of refi, your current rate and how many years left on your loan, inflation, cost of money, etc… It spits out what rate (or lower) it makes sense to refi.

It’s the 2nd link in this comment.

[quote=Russell]http://www.csmonitor.com/Business/new-economy/2010/0812/Mortgage-rates-at-50-year-lows.-Should-you-refinance-Maybe-not

The calculator linked in the article is interesting?
http://zwicke.nber.org/refinance/index.py%5B/quote%5D

[UCGal]

Russell posted a very good calculator (in a thread started by flu). It takes into account the costs of refi, your current rate and how many years left on your loan, inflation, cost of money, etc… It spits out what rate (or lower) it makes sense to refi.

It’s the 2nd link in this comment.

[quote=Russell]http://www.csmonitor.com/Business/new-economy/2010/0812/Mortgage-rates-at-50-year-lows.-Should-you-refinance-Maybe-not

The calculator linked in the article is interesting?
http://zwicke.nber.org/refinance/index.py%5B/quote%5D

[UCGal]

Russell posted a very good calculator (in a thread started by flu). It takes into account the costs of refi, your current rate and how many years left on your loan, inflation, cost of money, etc… It spits out what rate (or lower) it makes sense to refi.

It’s the 2nd link in this comment.

[quote=Russell]http://www.csmonitor.com/Business/new-economy/2010/0812/Mortgage-rates-at-50-year-lows.-Should-you-refinance-Maybe-not

The calculator linked in the article is interesting?
http://zwicke.nber.org/refinance/index.py%5B/quote%5D

[UCGal]

Russell posted a very good calculator (in a thread started by flu). It takes into account the costs of refi, your current rate and how many years left on your loan, inflation, cost of money, etc… It spits out what rate (or lower) it makes sense to refi.

It’s the 2nd link in this comment.

[quote=Russell]http://www.csmonitor.com/Business/new-economy/2010/0812/Mortgage-rates-at-50-year-lows.-Should-you-refinance-Maybe-not

The calculator linked in the article is interesting?
http://zwicke.nber.org/refinance/index.py%5B/quote%5D

[UCGal]

Russell posted a very good calculator (in a thread started by flu). It takes into account the costs of refi, your current rate and how many years left on your loan, inflation, cost of money, etc… It spits out what rate (or lower) it makes sense to refi.

It’s the 2nd link in this comment.

[quote=Russell]http://www.csmonitor.com/Business/new-economy/2010/0812/Mortgage-rates-at-50-year-lows.-Should-you-refinance-Maybe-not

The calculator linked in the article is interesting?
http://zwicke.nber.org/refinance/index.py%5B/quote%5D

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