Comments on: When does it make sense to refinance your mortgage? http://www.mightybargainhunter.com/2010/07/12/when-does-it-make-sense-to-refinance-your-mortgage/ Helping readers to use bargains wisely since 2005 Sun, 12 Feb 2012 16:24:19 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Financial bondage http://www.mightybargainhunter.com/2010/07/12/when-does-it-make-sense-to-refinance-your-mortgage/comment-page-1/#comment-241684 Financial bondage Fri, 16 Jul 2010 12:42:53 +0000 http://www.mightybargainhunter.com/?p=2279#comment-241684 If it saves at least $100 a month it may be worthwhile. If you are paying off debt and on a budget and cutting costs in other areas... Otherwise, it may not be wise. I mean if you refinance to save $50 a month and you are spending like the Feds in other areas of your life, then why bother? If it saves at least $100 a month it may be worthwhile. If you are paying off debt and on a budget and cutting costs in other areas… Otherwise, it may not be wise.

I mean if you refinance to save $50 a month and you are spending like the Feds in other areas of your life, then why bother?

]]> By: Darwin's Money http://www.mightybargainhunter.com/2010/07/12/when-does-it-make-sense-to-refinance-your-mortgage/comment-page-1/#comment-241072 Darwin's Money Tue, 13 Jul 2010 04:09:30 +0000 http://www.mightybargainhunter.com/?p=2279#comment-241072 I'm always a fan of setting up a basic spreadsheet and using the NPV function to see what makes sense on an expense like a refi. With these rates though, if you haven't refi'd in the past year, virtually everyone would benefit. I've even been thinking about going into a 15 yr at a sub-4% rate. It's crazy! I’m always a fan of setting up a basic spreadsheet and using the NPV function to see what makes sense on an expense like a refi. With these rates though, if you haven’t refi’d in the past year, virtually everyone would benefit. I’ve even been thinking about going into a 15 yr at a sub-4% rate. It’s crazy!

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