Mortgage Refinancing  
During the past few years, record numbers of Americans have refinanced their home mortgages as a result of historically low interest rates. This calculator is designed to help you determine whether you should consider refinancing your mortgage.
     

1. What is the principal balance remaining on your current mortgage (from your last statement)?

$

2. What is the annual interest rate on your current mortgage?

%

3. How many years remain on your current mortgage?

4. What will the annual interest rate be on your new mortgage?

%

5. What will the term be (in years) of the new mortgage?

6. What will the loan origination fee and closing costs be (in percentage terms) on the new mortgage? (These are typically charged by the lender to process your loan. 1 point = 1 percent)

%

7. How many discount points (in percentage terms) will you be paying to lower (buy down) the interest rate?

%

8. What other fixed costs (in dollar terms) are there? (such as an appraisal)

$
 
   
   
BBM Financial Services, Inc.
1440 North 16th Avenue / PO Box 22700 • Yakima, WA • 98907
Phone: 509.248.7930 / 800.647.0932 / 509.248.7944 • Fax: 509.457.6503
• trina@bbmfs.com

Craig Mendenhall, Steve Pilger, and Trina Good offer securities products & services through Royal Alliance Associates, Inc. Member FINRA/SIPC, a registered broker-dealer. In this regard, this communication is strictly intended for individuals residing in the states of Alaska, Arizona, California, Idaho, Ohio, Oregon, Texas, and Washington.  No offers may be made or accepted from any resident outside the specific state(s) referenced.

Craig Mendenhall and Steve Pilger offer advisory services in the state of Washingtion through BBM Financial Services, a registered investment advisor, not affiliated with Royal Alliance Associates.  Craig Mendenhall offers additional advisory services through Royal Alliance Associates, Inc.

A broker/dealer, investment advisor, BD agent or IA representative may only transact business in a particular state after licensure or satisfying qualification requirements of that state, or only if they are excluded or exempted from the state`s broker/dealer, investment advisor, BD agent or IA rep requirements, as the case may be: and follow up, individualized responses to consumers in a particular state by a broker/dealer, investment advisor, BD agent, or IA rep that involve either the effecting or attempting to effect transactions in securities or the rendering of personal investment advice for compensation, as the case may be, shall not be made without first complying with the state`s broker/ dealer, investment advisor, DB agent or IA rep requirements, or pursuant to an applicable state exemption or exclusion. For information concerning the licensure status or disciplinary history of a broker/dealer, investment advisor, BD agent, or IA rep, a consumer should contact his or her state securities law administrator.