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%.
Talk to a loan officer at the bank to find out how much you can save. The interest rate and length of the loan will affect your monthly mortgage payment. Low mortgage refinancing rates could save you thousands of dollars over the life of your mortgage and still allow you to pay lower monthly payments.Holden Lewis, a financial adviser for Bank Rate, suggests discussing the possibility of refinancing the loan for a shorter term if your budget can afford it.etermine whether you may qualify for a refinance loan. Ask your lender how much you owe yet on the original mortgage. Next, find out how much your house is currently worth.