What do they mean when the term "break even point" is used regarding mortgage refinancing?
Answers:
1When you "Break Even" is when you save the amount of money invested into the refinance costs. If you save $100 a month, and closing costs were $2000 it would take you 20 months to reach the "Break even point".
Back
Add Your answer to this question: | |
|
|
 |
Powered by Yahoo! Answers
|