Assume that your neighbor took a loan of $300,000 four years ago. At that time, she took a 30-year loan for 5.8%.
Assume that your neighbor took a loan of $300,000 four years ago. At that time, she took a 30-year loan for 5.8%. She now wants to consider re-financing her loan. She went to a bank and was told that re-financing her loan for 30 years would cost her $6,500 upfront and re-financing her loan for […]


