Fixed Rate Refi

I’ve been prepaying varied amounts on my fixed rate 5.125 percent, 15-year mortgage. I’m thinking that as of today, my effective rate is a lot lower than 5.125 percent, and this makes refinancing less attractive. Is there a formula I can use to find my real interest rate on the remaining balance, whether or not it includes the amounts I’ve already prepaid?

The Foreclosed Fight Back

Many foreclosure victims now have a referee to turn to for help – the federal banking agencies’ Independent Foreclosure Review program.

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