retiree refinancing
7% Drop In Refi Mortgage Rates Slashes Retiree Bills
7% Drop In Refi Mortgage Rates Slashes Retiree Bills Retirees can lower their monthly housing cost by roughly seven percent when refinance rates dip, because a lower interest rate directly reduces the loan’s amortization temperature. The effect is immediate: a $300,000 loan at 6.38% drops to 6.