You have a 15 - year, $350,000 mortgage with a 5.00% APR. Eight years into the mortgage,
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You have a 15 - year, $350,000 mortgage with a 5.00% APR. Eight years into the mortgage, you get the opportunity to refi nance with a new 8 - year loan for the remaining balance of your loan at 4.2%. The up - front cost for this refi nancing is $3,000. Is this a good deal or not?
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Divya Munir
I hold M.Sc and M.Phil degrees in mathematics from CCS University, India and also have a MS degree in information management from Asian institute of technology, Bangkok, Thailand. I have worked at a international school in Bangkok as a IT teacher. Presently, I am working from home as a online Math/Statistics tutor. I have more than 10 years of online tutoring experience. My students have always excelled in their studies.
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Related Book For 
Understanding The Mathematics Of Personal Finance An Introduction To Financial Literacy
ISBN: 9780470497807
1st Edition
Authors: Lawrence N. Dworsky
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