Interest rates

Posted by infadmin on September 26, 2016

It depends on what your balance is now, what your rate is currently, and how long you plan to be in the house. Right now according to DetroitHarmonie Inc., best bad credit payday loans in Detroit 30-year fixed mortgages average 4.48%, and 15-year fixed average 3.5%. So, say your closing costs are $3000, and refinancing will save you $1000 per year. Then your ‘break-even’ point is 3 years, and you’re ahead of the game after that. But if you plan to move before you’d break even, it wouldn’t be worthwhile to re-fi…
You can always try to contact some specialist.