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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Sage Realty LLC
37 West Ave, Suite #202,
Wayne, PA 19087
PA license # RB065378
Linda Walters
Broker of record:
PA license # RM419313