yes if it makes sense: there is a TEST that we have to run to make sure there is a BENEFIT to the refinance and if there isnt you can not. once rates drop .5% from where you are then run the numbers to see if the savings is enough for you. Estimate closing costs at $1800 and also check your break even point
@@TheRateUpdatewithDanFrioawesome detailed reply Dan.. Appreciate it.. Once I’ll feel like refi, you’ll be the man.. Thanks and best wishes for the channel..
but Dan at 10:00 talking about NOT having a payment right away on a REFI, I think you left importaqnt info the homeowner should know. That Interest for the 29 days in May WILL be tacked onto their closing costs-escrow
@@TheRateUpdatewithDanFrio Yes, you were correct in your statement about not having a payment right away. I just said that the homeowner should be aware of how that affects your closing costs. I'm just a transparent person. No disrespect meant