When it is right to refinance?

When you plan to stay in your home long enough to realize the savings from re-financing.

There’s a simple formula to determine how many months it will take to realize savings from re-financing: Costs (quoted by your refinancing lender) ÷ Savings = Months to pay off the costs and break even.

For example, if re-financing decreases your monthly payment by $200 and it costs $1,200 to refinance, it will take 6 months to break even. After that, enjoy the savings!

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DUFFY REAL ESTATE, INC.
527 Lancaster Ave.
Wayne, PA 19087
610.254.9292
Linda Walters
Associate Broker
PA license # AB069266