The Rule of 72 and Your Mortgage Refinance
February 29th, 2008Using the Rule of 72 when shopping for your mortgage refinance can be very handy, especially if you do not intend on keeping the house for the rest of your life. By plugging your new rate from the mortgage refinance into the formula, you can quickly, easily, and accurately figure out exactly when you would want to sell the house or do another mortgage refinance.
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