How Do I Know If I Should Refinance

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    Notes on slide 1

    Old rules of thumb are out the window. 2% savings. It may make sense to even lower a .25% if there are no costs and you have a big loan amount. Plus, you can almost always lower your rate 2% by going from a 30 year fixed to a 1 year Adjustable for example—is that smart mortgage planning?? There are basically 5 reasons to refinance…

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    How Do I Know If I Should Refinance - Presentation Transcript

    1. How Do I Know if I Should Refinance? © United Mortgage Financial Group, Inc. 2008
    2. How Do I Know if I Should Refinance?
      • 1. Lower Your Rate
      © United Mortgage Financial Group, Inc. 2008
    3. How Do I Know if I Should Refinance?
      • 2. Lower Your Payment
      © United Mortgage Financial Group, Inc. 2008
    4. How Do I Know if I Should Refinance?
      • 3. Consolidate High Interest Debt
      © United Mortgage Financial Group, Inc. 2008
    5. How Do I Know if I Should Refinance?
      • 4. Put your mind at ease.
      © United Mortgage Financial Group, Inc. 2008
    6. How Do I Know if I Should Refinance?
      • 5. Get a chunk of cash
      © United Mortgage Financial Group, Inc. 2008
    7. How Do I Know if I Should Refinance? A Total Cost Analysis looks at your current mortgage…. © United Mortgage Financial Group, Inc. 2008
    8. How Do I Know if I Should Refinance? A Total Cost Analysis looks at your current mortgage…. © United Mortgage Financial Group, Inc. 2008
    9. How Do I Know if I Should Refinance? A Total Cost Analysis looks at your current mortgage…. © United Mortgage Financial Group, Inc. 2008
    10. How Do I Know if I Should Refinance? A Total Cost Analysis looks at your current mortgage…. © United Mortgage Financial Group, Inc. 2008
    11. How Do I Know if I Should Refinance? A Total Cost Analysis looks at your current mortgage…. © United Mortgage Financial Group, Inc. 2008
    12. How Do I Know if I Should Refinance? A Total Cost Analysis looks at your current mortgage…. © United Mortgage Financial Group, Inc. 2008
    13. How Do I Know if I Should Refinance? A Total Cost Analysis looks at your current mortgage…. © United Mortgage Financial Group, Inc. 2008
    14. How Do I Know if I Should Refinance? And Compares it to 3 other options. © United Mortgage Financial Group, Inc. 2008
    15. How Do I Know if I Should Refinance? And Compares it to 3 other options. © United Mortgage Financial Group, Inc. 2008
    16. How Do I Know if I Should Refinance? And Compares it to 3 other options. © United Mortgage Financial Group, Inc. 2008
    17. How Do I Know if I Should Refinance? The first metric you should look at is how much of a monthly payment savings does the new mortgage give you? © United Mortgage Financial Group, Inc. 2008
    18. How Do I Know if I Should Refinance? The first metric you should look at is how much of a monthly payment savings does the new mortgage give you? © United Mortgage Financial Group, Inc. 2008
    19. How Do I Know if I Should Refinance? The first metric you should look at is how much of a monthly payment savings does the new mortgage give you? © United Mortgage Financial Group, Inc. 2008
    20. How Do I Know if I Should Refinance? The first metric you should look at is how much of a monthly payment savings does the new mortgage give you? © United Mortgage Financial Group, Inc. 2008
    21. How Do I Know if I Should Refinance? © United Mortgage Financial Group, Inc. 2008 Compare the Total Cost over a period of time (probably how long you think you will live in the home)
    22. How Do I Know if I Should Refinance? © United Mortgage Financial Group, Inc. 2008 Compare the Total Cost over a period of time (probably how long you think you will live in the home)
    23. How Do I Know if I Should Refinance? © United Mortgage Financial Group, Inc. 2008 Compare the Total Cost over a period of time (probably how long you think you will live in the home)
    24. How Do I Know if I Should Refinance? © United Mortgage Financial Group, Inc. 2008 Compare the Total Cost over a period of time (probably how long you think you will live in the home)
    25. How Do I Know if I Should Refinance? © United Mortgage Financial Group, Inc. 2008 Compare the Total Cost over a period of time (probably how long you think you will live in the home)
    26. How Do I Know if I Should Refinance? © United Mortgage Financial Group, Inc. 2008 Compare the Total Cost over a period of time (probably how long you think you will live in the home)
    27. How Do I Know if I Should Refinance? © United Mortgage Financial Group, Inc. 2008 Compare the Total Cost over a period of time (probably how long you think you will live in the home)
    28. How Do I Know if I Should Refinance? © United Mortgage Financial Group, Inc. 2008 Compare the Total Cost over a period of time (probably how long you think you will live in the home)
    29. How Do I Know if I Should Refinance? © United Mortgage Financial Group, Inc. 2008 And see what the total savings are over that period.
    30. How Do I Know if I Should Refinance? © United Mortgage Financial Group, Inc. 2008 If the savings are significant…
    31. How Do I Know if I Should Refinance? © United Mortgage Financial Group, Inc. 2008 If the savings are significant…
    32. How Do I Know if I Should Refinance? © United Mortgage Financial Group, Inc. 2008 If the savings are significant…
    33. How Do I Know if I Should Refinance? © United Mortgage Financial Group, Inc. 2008 If the savings are significant…
    34. © United Mortgage Financial Group, Inc. 2008
    35. If not... © United Mortgage Financial Group, Inc. 2008
    36. © United Mortgage Financial Group, Inc. 2008
    37. Have ??? © United Mortgage Financial Group, Inc. 2008
    38. Let’s talk about it! © United Mortgage Financial Group, Inc. 2008 Comments Welcome

    + Steve HeidemanSteve Heideman, 2 years ago

    custom

    1394 views, 1 favs, 2 embeds more stats

    This slidecast walks through the total cost analysi more

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