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  When to Refinance and Special Refinancing Programs for Hampton, Virginia
The widely heard statement from years ago was to only refinance if you could lower your mortgage interest rate by at least two percentage points. This general rule of thumb was a simple way to analyze the refinance, allowing home owners to consider the real costs of refinancing. This rule no longer holds true in Hampton, Virginia, because you can refinance your mortgage with no closing costs, or no points.
When a refinance costs you nothing, any savings in the rate is pure gravy. No-Closing Cost refinances are just one of the 2% rule breakers.
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