Refinancing 101: When and Why? скачать в хорошем качестве

Refinancing 101: When and Why?

When should I refinance? It's generally a good time to refinance when mortgage rates are 2% lower than the current rate on your loan. It may be a viable option even if the interest rate difference is only 1% or less. Any reduction can trim your monthly mortgage payments. Example: Your payment, excluding taxes and insurance, would be about $770 on a $100,000 loan at 8.5%; if the rate were lowered to 7.5%, your payment would then be $700, and now you're saving $70 per month. Your savings depends on your income, budget, loan amount, and interest rate changes. Your trusted lender can help you calculate your options. For advice on selecting the right lender, feel free to get in touch with Walter Washington, a Licensed Real Estate Agent at United Real Estate Central Arkansas located at 1319 Broadway Street, Little Rock, Arkansas 72202. Visit www.unitedrealestatecentralarkansas.com for more information. ​Blessings to you and yours... ​​Walter Washington, REALTOR® at United Real Estate Central Arkansas, #​YourRealEstateAdvocate #CallOrText5016123838​ emailme@walterwashington.realtor License ​# SA​​00087539​ NRDS # 128087539 #realestate #realtor #realestateagent #marketing #work #education #sales #share #help #grateful #advertising #identitytheft