Illinois mortgage broker : Get a quote now.
Should I refinance now? For each Illinois mortgage broker, you must first consider that even a small decrease in interest rate can save you money right away. With all of the low cost or no cost refinancing companies in the market, there is very little cost to refinancing other than a little bit of your time. For example on a normal $175,000 loan, a small decrease of 1.25% can mean $1,677.15 saved every year. However, if you expect to stay in your home at least 5 years, it may be worthwhile to pay points and some closing costs to get the lowest rate possible.
