My Mortgage Lender Educated Me On Refinancing
May 29th, 2009 . by adminI had had my present loan for close to ten years and I had begun to wonder if the lower rates that I had being seeing advertised would save me any money over the long haul. The first thing the mortgage lender did for me was to figure out what my fees would be for the new loan and compare that with the money I would save on the reduced payments. As he explained it would just not make a lot of sense to get a smaller interest rate if all the money that I would save on my monthly payments went to pay off the fees.
