How Much Interest Will Refinancing Save on My Home Loan?

refinancing

I bought my home for $146,575 home 10 years ago with a 15% down payment and I signed a 30-year mortgage with an interest rate of 11.7% compounded monthly. Interest rates have dropped and now I want to take my unpaid part and sign a new 30 year morgage that has a 6% compounded monthly how much will I save if I refinance please help….I keep getting my answer incorrect

Dominic Nicoli – Interest Rates Are the Lowest Since the 1960s

dominicnicoli.blogspot.com – Early July 2010 ushered in the lowest interest rates since the 1960′s. In fact, interest rates are currently so low they will probably not go much lower. If you’ve considered taking out a new home loan or refinancing an existing one, now is the time to do it. I’ve invited Bob Carrie with MetLife Home Loans to discuss this unprecedented chance for owning a home, or refinancing your current one. Watch my interview with Bob and he’ll teach you why NOW is the time to cash in on this cheap money.