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"Should I Refinance?" - Consider Overall Cost of Money, Not Payment

"Should I Refinance?" - Consider Overall Cost of Money, Not Payment

This is a discussion on "Should I Refinance?" - Consider Overall Cost of Money, Not Payment within the Mortgage Refinancing forums, part of the Mortgage and Loans Forum category; However, because you still owe $3600 more, if you refinance at this point, you're still going to end up behind ...

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01-28-2008, 04:12 PM

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"Should I Refinance?" - Consider Overall Cost of Money, Not Payment

However, because you still owe $3600 more, if you refinance at this point, you're still going to end up behind as that $3600 you still owe translates to $216 per year at 6%, assuming that's the interest rate on your next loan. ...

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