Chicago Financial Services

The Biggest No-Brainer in the History of Mankind: A Smart and Easy Way to Save THOUSANDS

With today’s low interest rates, the average homeowner may save hundreds a month or tens of thousands of dollars over the lifetime of a loan just by refinancing.  It sounds too good to be true, but it’s totally true.  In fact, refinancing your mortgage to a lower rate is a NO-BRAINER.


“Households that fail to refinance when interest rates decline can lose out on tens of thousands of dollars in savings. For example, a household with a 30-year, fixed-rate mortgage of $200,000 at an interest rate of 6.5 percent that refinances when rates fall to 4.5 percent will save over $80,000 in interest payments over the life of the loan, even after accounting for typical refinancing costs. With long-term mortgage rates at roughly 3.35 percent, this same household would save roughly $130,000 over the life of the loan by refinancing. But in spite of these potential savings, many households do not refinance when interest rates decline.”

National Bureau of Economic Research

Why don’t homeowners refinance?

Seriously, you wouldn’t send in some paperwork and sign some papers to save tens of thousands of dollars?

It’s a no-brainer.

Want to turn some of the equity you’ve built up in your home to cash? Click here to learn more.

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