Monday, July 11, 2016

How to figure out whether you should refinance the mortgage

A reader named Oscar notices that mortgage rates are near all-time lows. He asks: Mr. Lewis, what about people with less than a year-old loan -- a 30-year fixed at 4%? Probably refinancing at 3.25%. Would it be worth the time on line in the bank? That's a $174 monthly payment difference. Based on what

from Bankrate.com » Mortgages http://ift.tt/29CLOKu

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