Evaluating Refi on an LTR
With the recent dip in interest rates, I refinanced a property that I purchased about 3 years ago. The savings will pay for the added cost in about 5 years. Are there other measures you use to evaluate the ROI if you roll the refi costs into the loan. Technically I got a 20% return on equity (increase in cash flow vs refi costs). Are there other measures you use?