HomeHomeContact UsSite Map
Appraiser Directory
Shop for Antiques
Sell Your Antiques
Get an Appraisal
Collecting Articles
Contact Us


Mortgage Help
Find out how much your home is worth and more

Get fast and free information about your buying your first home, home mortgage loans, refinancing your home and bankruptcy.

 How Much Is My House Worth?

 Getting a Mortgage Quote Online

 Mortgage Tips from Me to You
 Mortgage Refinance: 4 Ways To Know Its Time to Refinance Your House

 Mortgage after Bankruptcy

 Buying your First Home

 How Much Credit can you Afford?

Mortgages - Which Loan is Right For You

 Poor Credit? Get a Sub-Prime Mortgage Now, and Refinance later

Three Rules of Thumb for Mortgage Refinancing

 You might think that deciding to refinance a mortgage requires only a quick comparison of loan interest rates. Unfortunately, that’s not really true. Refinancing is trickier than that! Fortunately, three useful rules of thumb can often help you make sense of refinancing opportunities.

Rule 1: Don’t Ignore Total Interest Costs

You really want to use refinancing as a way to reduce the total interest cost you pay. While that sounds simple in principle, it is sometimes difficult to do. The interest costs you pay are a function of the interest rate, the loan balance, and the loan term period.

When people refinance, they tend to focus solely on the loan interest rate. But they often don’t pay as much attention to the loan term or the loan balance.

When you use refinancing—even refinancing at a lower interest rate—to increase your borrowing or to extend the time over which you borrow, you often aren’t saving money.

>> read entire article


© 2003-2008 How Much Is It Worth.com All Rights Reserved.