How Do I Know If I Should Refinance

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This slidecast walks through the total cost analysis of determining whether it makes sense to refinance your mortgage or not.

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  • 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…
  • How Do I Know If I Should Refinance

    1. 1. How Do I Know if I Should Refinance? © United Mortgage Financial Group, Inc. 2008
    2. 2. How Do I Know if I Should Refinance? <ul><li>1. Lower Your Rate </li></ul>© United Mortgage Financial Group, Inc. 2008
    3. 3. How Do I Know if I Should Refinance? <ul><li>2. Lower Your Payment </li></ul>© United Mortgage Financial Group, Inc. 2008
    4. 4. How Do I Know if I Should Refinance? <ul><li>3. Consolidate High Interest Debt </li></ul>© United Mortgage Financial Group, Inc. 2008
    5. 5. How Do I Know if I Should Refinance? <ul><li>4. Put your mind at ease. </li></ul>© United Mortgage Financial Group, Inc. 2008
    6. 6. How Do I Know if I Should Refinance? <ul><li>5. Get a chunk of cash </li></ul>© United Mortgage Financial Group, Inc. 2008
    7. 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. 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. 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. 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. 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. 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. 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. 14. How Do I Know if I Should Refinance? And Compares it to 3 other options. © United Mortgage Financial Group, Inc. 2008
    15. 15. How Do I Know if I Should Refinance? And Compares it to 3 other options. © United Mortgage Financial Group, Inc. 2008
    16. 16. How Do I Know if I Should Refinance? And Compares it to 3 other options. © United Mortgage Financial Group, Inc. 2008
    17. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 30. How Do I Know if I Should Refinance? © United Mortgage Financial Group, Inc. 2008 If the savings are significant…
    31. 31. How Do I Know if I Should Refinance? © United Mortgage Financial Group, Inc. 2008 If the savings are significant…
    32. 32. How Do I Know if I Should Refinance? © United Mortgage Financial Group, Inc. 2008 If the savings are significant…
    33. 33. How Do I Know if I Should Refinance? © United Mortgage Financial Group, Inc. 2008 If the savings are significant…
    34. 34. © United Mortgage Financial Group, Inc. 2008
    35. 35. If not... © United Mortgage Financial Group, Inc. 2008
    36. 36. © United Mortgage Financial Group, Inc. 2008
    37. 37. Have ??? © United Mortgage Financial Group, Inc. 2008
    38. 38. Let’s talk about it! © United Mortgage Financial Group, Inc. 2008 Comments Welcome

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