Should I refinance my mortgage?
With mortgage interest rates hovering near historic lows, many people are wondering if they should refinance their mortgages.
If you're one of those people, here are some things for you to think about on the road to your decision – to refinance … or not to refinance.
Here's a hypothetical example showing the time period before recovering refinancing expenses.
|$3,500||÷ $125||=28 MONTHS|
|CLOSING COSTS||÷ MONTHLY SAVINGS||= BREAK EVEN POINT|
According to this example …
Securities and investment advisory services offered through VALIC Financial Advisors, Inc., member FINRA, SIPC and an SEC-registered investment advisor.
Annuities issued by The Variable Annuity Life Insurance Company. Variable annuities distributed by its affiliate, AIG Capital Services, Inc., member FINRA.
VALIC represents The Variable Annuity Life Insurance Company and its subsidiaries, VALIC Financial Advisors, Inc. and VALIC Retirement Services Company.
Copyright © The Variable Annuity Life Insurance Company.
All rights reserved.