"Salt Lake City Real Estate Mortgage.com suggests that you keep the following things in mind when you are deciding whether or not to refinance.
1. Small Rate Cuts Pay Off Quickly – We will waive routine financing for our clients which can add up to savings of $3,000 so your new monthly savings will add up faster because you won’t have to recoup financing costs.
2. Paying Points – If you are only planning to stay in your house for a few more years than it will probably make sense to pay points when you refinance in order to give you the lowest available rate.
3. Avoid Laying Out Cash – You can add the points and closing costs into your new mortgage while still retaining a lower monthly payment.
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