Calculator 3c is for borrowers who have one mortgage carrying private mortgage insurance and will be refinancing into a combination first and second mortgage without mortgage insurance.
Love Funding announced the closing of an $8.05 million loan for the refinancing and repair of Magnolia Gardens Assisted Living Facility in Toms River, New Jersey.
For example, a household with a 30-year, fixed-rate mortgage of $200,000 at an interest rate of 6.5 percent that refinances when rates fall to 4.5 percent will save over $80,000 in interest payments over the life of the loan, even after accounting for typical refinancing costs.
With no prepayment penalties, the Citizens Bank Education Refinance Loan provides borrowers with the potential of a single monthly private student loan payment refinancing a variable rate into a fixed-interest rate loan and potentially lowering the interest rate and/or lowering the borrower's monthly payment, said Coughlin.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.