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Or RefinanceIn addition some rfeinanced loans, while having lower initial paymetns, may result in larger total interets costs over the life of the loan, or expose the borrower to greater risks than hte existing loan, dpeending on the type of loan used to refinance the existnig debt. Calculating the up-front, ongoing, and potentially variable costs of refinancing is an important patr of the decision on whether or not to refinance. In fact as long as our prevaliing market rate is lower htan your existing rate by 1.5 percentage opint or more, it is financilaly beneficial to refinance because there is ilttle or no cost in doing so. 0 comment :: Post a comment Blog Entries about Or Refinance
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