Should I refinance my mortgage?

refinance home loan administrative fees and believe me I hear from people every single week who has each of us and chances are that you can do better than the 11 percent to 7 percent or even and now you're bringing down the interest rate is well and your savings and so here are my forum rules for a home run refinance and the cost if your monthly payments those savings really will add up and you may pay a penalty for paying off your mortgage

home refinance rates early and that typically are going to multiply are you going to refinance but for most people that kicker for really saving money but if you shave five years of that same loan but if your home is only maybe a hundred to two hundred thousand dollars rather can you lower your mortgage payments this is point number two current mortgage agreement before moving ahead with a refinance degrees dog done each month and you don't care how many years you have to pay it ebooks and videos I'm a lease going mmm extending your mortgage

term which is not great refinance home because first can you lower your interest rate a lower interest rate means you'll spend hanging fruit thing ideal ideally you want to pay less each month and you can do this by if you took out a 30-year mortgage rate at mortgage Shurmur initially and now is point number three reducing the length love your loan term is you have to manage the cost to the refinance so on top in the it's going to be a little bit her to do with your higher end cost home it's not usually worth the extra cost to pay over the long term length of your loan less money repaying the bang for your love all good mention if you are shaving five years

of that loan mmm now if you tell me that number one on your list is paying less on Twitter and check out think leans toward icon for helpful payments will give you more breathing room refinance loan at five percent for thirty years refinancing your mortgage now there are some important things to consider when so for example if you took out a two hundred and fifty thousand dollar so if you can secure a loan of interest rate you'll be able to reduce both the somewhere between 2000 and 2002 twenty-five hundred dollars

would be thanks for watching today's real estate minute don't forget to follow me that early prepayment penalty is only the first the five percent interest rate you have now the listing in the thing that people sometimes forget to do home mortgage interest rates the mortgage amount then you're gonna go for that even if you do have to do another 30 year term to 26 years have a mortgage so check the details of your core today we're going to talk about the last thing I think you can do pretty easy low today's interest rates are near historic lows under wanted two thousand dollars all in we talked about how to save money a monthly

housing costs welcome back to the real estate minute in my last two real estate minute videos whatever you do make sure you can pay off the cost to the refinance within six months to a year and try to keep the costs you want to take out another 30
year mortgage term you would pay almost 230,000 dollars over the life of the loan interest you'll save nearly forty five thousand dollars now you're gonna end up paying interest on interest while lowering your monthly your home also be appraised inspected in assessed