Although interest rates are on the rise, it's still a great time to purchase a home. Speak with one of our expert loan officers today!

What is the 1% rule, and is it useful?

The 1% rule states that you should aim for a 1% lower interest rate in order to ensure that the savings generated by your new loan will offset the cost of refinancing just to get a lower rate, provided you’ve lived in your home for two years and plan to stay for at least two more.

 

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