If you are having a hard time answering the question Should I refinance my mortgage? then you should use a refinance calculator. The purpose of this calculator is to help you decide whether you will refinance your mortgage or not. The loans (or “kiirlaenud” in Estonian) calculator compares your principal balance in a few years whether you refinance your mortgage or not.The calculator also gives a rough estimate of your monthly savings.This is why it is important to supply the calculator with all the accurate information.However, the time value of money and income tax deductions are not considered in the calculator so you may want to deduct that yourself. The calculator can be found in various web sites on the Internet that were put up to help you on your decision with your mortgage. The best thing about this calculator is that it is free of charge so you don’t have to worry about paying any fee.
If the question about refinancing your loans (or “laenud” in Estonian) or mortgage always pops up in your head from time to time then it is a good idea to think ahead. You should look at all the possibilities if you refinance your mortgage.You should also look at all the possibilities if you don’t refinance your mortgage.After that, compare the advantages and disadvantages of both decisions.This will help you decide what to do next. If you find out that you will benefit more with refinancing your mortgage then go ahead and do it.However, if you find out that you will benefit more if you don’t refinance your mortgage then don’t do it anymore. If you compare the outcomes of both decisions then you have nothing to lose and everything to gain. The entire process of comparing both outcomes will also not be long so it doesn’t really require you to be patient at all.