Question
I have a $200,000 mortgage on my house. There are 10 years remaining on the loan and interest rate is 8%. Interest rates have fallen
I have a $200,000 mortgage on my house. There are 10 years remaining on the loan and interest rate is 8%. Interest rates have fallen since I bought the house; now they are 6%. The bank is willing to refinance my loan if I am willing to pay closing costs of $12,000.
Does it make sense for me to refinance?
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There are 3 Steps involved in it
Step: 1
To determine whether it makes sense to refinance you need to compare the costs and benefits of the n...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
