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 be (in percentage terms) on the new mortgage? (Lenders typically charge 1 percent when refinancing a loan.)

%

7. How many points (in percentage terms) will you be paying for the new loan?

%

8. What other closing/fixed costs (in dollar terms) are there?

$
 
   
   
Delano R Hill & Associates Inc.
955 North Breazeale Avenue
PO Box 959		 • Mount Olive, NC • 28365
Phone: 919-658-4997
800-326-3586		 • Fax: 919-658-8001
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    Laura H. Strickland, Marvin McCoy Brock and Delano R. Hill are Registered Representatives of and offers 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 state of North Carolina, South Carolina, Virginia, Georgia and Alabama. No offers may be made or accepted from any resident outside the specific states referenced.

    Laura H. Strickland, Marvin McCoy Brock and Delano R. Hill are also separately registered as investment advisors under Team Financial Resources, Inc., a registered investment adviser, offering advisory services in the state of North Carolina.  As such, these services are strictly intended for individuals residing in North Carolina.

    A broker-dealer, investment adviser, BD agent, or IA rep may only transact business in a state if first registered, or is excluded or exempt from state broker-dealer, investment adviser, BD agent or IA rep registration requirements, as appropriate.  Follow-up, individualized responses to persons in a state by such a firm or individual that involve either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made without first complying with appropriate registration requirement, or an applicable exemption or exclusion.

    For information concerning the licensing status or disciplinary history of broker-dealer, investment adviser, BD agent, or IA rep, a consumer should contact his or her state securities law administrator.

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