Mortgage Refinancing Savings Calculator- How do I Know if it's Worth It?
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The mortgage refinancing savings calculator is a tool at https://mortgagerefinancecalgary.ca that can be used to calculate the potential savings of a refinance. It is important to know how much you are paying in interest on your mortgage, and what the rates are for your new mortgage.
A recent study by Lending Tree found that more than half of Americans would consider refinancing their mortgages if they could save money. And this is understandable considering the low rates currently available.
In order to find out if you might be eligible for a refinance, it’s important to know what your current rate is and what the potential rate would be after refinancing. If you have good credit and are able to get an interest rate of 4% or below, then it may be worth it for you to go into the process of refinancing with a lender.