Not only will you know which choice to make, you'll know exactly what that choice will save you, both today and over the life of the new mortgage, said Keith Gumbinger of HSH.com
Pompton Plains, NJ (PRWEB) November 10, 2010
With mortgage rates at their lowest point in history, many homeowners are contemplating refinancing their home loans, until they face the head-scratching process of trying to determine which refinancing option is best suited for their needs. HSH.com has created a new and unique tool, the Tri-Refi Refinance calculator, to help homeowners determine the best approach for their individual situation.
Homeowners have several choices when it comes to covering the costs associated with refinancing. They can pay fees up-front, incorporate them into their loan amount or trade them off for a slightly higher-than-market interest rate. The Tri-Refi mortgage calculator eliminates the need for consumers to enter their loan information multiple times though a number of calculators, which can be a slow and cumbersome process. This new tool allows users to plug their current loan details into one place and see how three common refinancing scenarios stack up against one another, drastically simplifying the often dizzying comparison and decision-making process.
The Tri-Refi calculator also presents savings comparisons of each refinancing scenario against the homeowner's existing loan, using tables and graphs. "Not only will you know which choice to make, you'll know exactly what that choice will save you, both today and over the life of the new mortgage," said Keith Gumbinger, vice president of HSH.com.
Vera Gibbons, financial journalist and contributor to Real Simple, SmartMoney and MSNBC, test-drove the Tri-Refi mortgage calculator. "I love it. It's easy to use, and you can run all sorts of scenarios to see what your costs are going to be and where you can save."
The Tri-Refi calculator is yet another offering in a long series of unique mortgage-shopping and research tools from HSH.com.
HSH.com has tracked the nation's mortgage market for homebuyers, homeowners and industry participants since 1979. HSH.com's deep and broad surveys of mortgage rates and terms for first mortgages, home equity loans, home equity lines of credit and other consumer loans have been conducted on a weekly basis for as long as 30 years, and the company has long been an authoritative source for current loan pricing information.
To schedule an interview with Keith Gumbinger, please contact Jessica Cultra.