Mortgage Refinancing  
During the past few years, record numbers of Americans have refinanced their home mortgages as a result of historically low interest rates. This calculator is designed to help you determine whether you should consider refinancing your mortgage.
     

1. What is the principal balance remaining on your current mortgage (from your last statement)?

$

2. What is the annual interest rate on your current mortgage?

%

3. How many years remain on your current mortgage?

4. What will the annual interest rate be on your new mortgage?

%

5. What will the term be (in years) of the new mortgage?

6. What will the loan origination fee and closing costs be (in percentage terms) on the new mortgage? (These are typically charged by the lender to process your loan. 1 point = 1 percent)

%

7. How many discount points (in percentage terms) will you be paying to lower (buy down) the interest rate?

%

8. What other fixed costs (in dollar terms) are there? (such as an appraisal)

$
 
   
   
Southeast Financial Group, Inc.
2220 Sedwick Road, Suite 202 • Durham, NC • 27713
Phone: 919-544-0500 • Fax: 919-544-0502
• esecrest@sefgroup.com

Securities offered through LPL Financial, Member FINRA/SIPC.  Investment advice offered through Wyatt Blakey Secrest and Associates, LLC, a registered investment advisor and separate entity from LPL Financial.

Currently, Edward Secrest is securities licensed in AZ, CA, FL, ID, MA, ME, MN, MO, NC, OH, SC, and VA.  Fee based planning (or investment advisory services) available to residents of FL, MO, NC, ID, SC, AZ, and MN.

This communication is strictly intended for individuals residing in the states listed above, where the registered representative is licensed to conduct securities business, and as an investment advisor.  No offers may be made to or accepted from anyone outside the specific states referenced.

 

 

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