The principals are Alan Cooper from Norcross GA, Belinda Clay from Norcross GA, Bill Thomasson from Norcross GA, Brian Goud from Norcross GA, Charles Peek from Norcross GA, Dale Pontecorvo from Norcross GA, Dale Thumann from Norcross GA, David White from Norcross GA, Joe Wiggins from Norcross GA, Mark Taylor from Norcross GA, Michael Arendt from Norcross GA, Michael Reed from Norcross GA, Patrick Milone from Norcross GA, R.W. Custard from Norcross GA, Rick G. Linville from Norcross GA ...
A general rule of thumb is to refinance when interest rates drop 2 percentage points or more. For example, if you have a $100,000, 30-year, fixed-rate mortgage at 10 percent, you will pay more than $215,000 in interest over the next 30 years.umber of months. The number months you will be paying on your refinanced mortgage loan. 30 years = 360 months, 20 years = 240 months, 15 years = 180 months. Loan origination fee. This is a fee charged by the lender to evaluate, prepare and submit your loan. It typically ranges for 0.5% to 2%.
Aside from that, the only real limit on how soon you can refinance is whether you can save money by doing so. That's mainly a function of three things: 1) your interest rate, 2) closing costs and 3) how long you expect to live in the home.n reality, however, the key question is whether you can reduce your interest rate enough to offset your closing costs-and that depends on how long you plan to stay in the home. Here's how it works: Suppose you've got a $250,000 30-year mortgage at 4.5 percent.