FAQ on mortgage refinancing - 2004-03-17
Refinancing can be about as confusing as your first mortgage application. Bankrate expert Dr. Don Taylor address some of the more frequently asked questions.
Is it still true that the time to refinance is when the rate is 2 points lower than your current mortgage rate?
Not true. You don't have to wait until mortgage interest rates drop by 2 percent before you consider refinancing your mortgage.
Read the full story at Bankrate.com