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About Brian HAHN
Expertise
I am a mortgage banker/loan officer.Have top knowledge of all types of mortgage loans.Can assist nearly anyone looking to finance a residential property.I enjoy traveling [Society Islands (Tahiti, Bora Bora), Hawaii (Maui) and Africa (Zimbabwe)].I keep detailed information on adventures and am willing to share this information with others.{{Bachelor of Science in Business Administration from the University of Iowa, 1986"

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Home Buying
 
   

You are here:  Experts > Shopping > Home Buying/Selling > Real Estate Home Mortgages > refinancing

Real Estate Home Mortgages - refinancing


Expert: Brian HAHN - 6/30/2005

Question
Hi I have a quick question I have a home loan at an interest rate of 5.75 as of today it is 5.53.  Will it be worth it to refinance my home for that small difference?

That is all I have...thanx for your help.

Glen Senters

Answer
Hi, Glen.
It is definitely NOT worth refinancing for that small of an interest rate difference; the fees you would pay the lender, title company, recorders office, etc. would far exceed any monthly savings.
Be happy with your great 5.75% rate!
Brian Hahn

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About Real Estate Home Mortgages
This topic answers questions related to purchasing a home, owning a home, home ownership, mortgage education, mortgage applications, and mortgage needs whether buying a first home or refinancing a current loan. Issues related to home ownership, home equity, mortgage education, refinacing options, home improvment finacing, first time home loans, home equity loans, vactation home loans, and mortgages for investment homes are dealt with here also. Though not the primary focus of this topic, Home Equity Lines of Credits (HELOCS), reverse mortgages, and calculating home equity may also be asked. If you do not see your home mortgae, home finacing, or home equity question answered in this area then please ask a question here
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