Counting the Costs Many homeowners get their mortgages, make their payments and don’t think about refinancing. Mortgage Refinancing ? The amount you’ll save by refinancing will [...] Mortgage refinancing makes sense if Interest rates have dropped more than two points since you got your original mortgage, or if you want to change from an adjustable-rate to a fixed-rate mortgage to avoid future interest hikes. Private Mortgage Insurance (PMI) Usually 0.5% to 1.0% of mortgage): PMI is required when the amount of the mortgage is greater than 80% of the home’s appraised value.
Malibu Real Estate

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