Wednesday, February 6, 2008

Comments from readers

Sory said...

Can you please post information concerning when to refinace? How many points down should the market be compared to my current rate to make it worth a refi?

Broker Boyce says... Thanks Sory for the question. The consensus is that the new rate to refinance at should be at least 2% lower than the rate you are paying now. Length of time you plan on staying in your house, terms of the new mortgage and cost of refinancing all should be considered before signing on the dotted line. Here are a few posts and links that I thought would be helpful.

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