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The 2% rule is an old rule-of-thumb for deciding whether or not to refinance your mortgage. The reality is, it’s not quite that simple, and never has been.
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Should You Refinance? The Rule of Thumb Has Changed – CBS News – Here’s my new 2009 rule of thumb: Don’t focus solely on how low interest rates are. Instead, take a look at what you’ll be saving and how quickly you can pay off the cost of the refinance. If you.
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Frequently asked mortgage refinance questions. There is no rule-of-thumb when it comes to refinancing because there are different reasons to refinance.
PDF The Refinance Rule of Thumb Rate – Baylor University – Another common refinance rule of thumb says only to refinance if you plan to live in your home for "X" amount of years, or only to refinance if you’ll save "X" dollars each month. Again, as seen in our example above, you can’t just rely on a blanket rule to determine if refinancing is a
Refinance Rule of Thumb Is Faulty – JACK M. GUTTENTAGSPECIAL TO THE TIMES; Jack M. Guttentag is a syndicated columnist and a professor of finance emeritus at the Wharton School of Business of the University of Pennsylvania QUESTION:.
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Mortgage Advice > 2% rule of thumb in refinance – Gianni Cerretani (mortgagegodfather) #33 ranked lender in Georgia – 238 contributions The 2% rule is that most of the time when you are refinancing for it to be financially worth it, the general rule of thumb is that you want to see a decrease in your current interes rate of 2%.
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