Your Exceptional Life

It could be argued that the horse is already out of the barn and closing the door is superfluous.  It could also be argued that it is too little to late.  I would simply argue that it is a great tool for consumers.  The Federal Reserve has published a tool for mortgage consumers.  It’s easy to read and covers all the bases.  It even has a tool to calculate your break even point.  That’s a number I always want to know.  I recently switched to a smart phone.  If I had stayed with my current provider, it would have cost me $756 more over the term of the contract than if I left them, bought out the last three months and went with another company.  For cell phone service, that’s a lot of money over a two year period.  I switched.   That break even point is probably the most important number in the transaction.  That tells you whether or not it’s smart for you in your situation to refinance your property.  This web page shows you how to figure it out.  So we’ll give a shout out to the Fed for setting up a great tool for the consumer.