Unexpectedly Intriguing!
September 25, 2006

People borrow money for all sorts of reasons, but when it comes to refinancing their loans, people predominantly choose to do so for what comes down to be two simple reasons:

1. To increase their personal cash flow by reducing the size of their loan payments.
2. To increase their wealth by reducing the total amount they'll pay over the term of the loan.

If just one of these reasons apply to you, it may well be worth the time and cost of refinancing your debt. If both reasons apply, the decision of whether or not to refinance becomes kind of a no-brainer!

That's why Political Calculations has created its suite of refinancing-related tools. Combined with our simple loan payment and payoff tool, these tools can help you determine if refinancing makes sense for you! Here they are, along with the questions they're designed to help answer:

Refinancing
Subcategory Title Description
Time Time to Break Even If you're able to successfully reduce the amount of your regular loan payments, how many months will it take to make back the money it cost to refinance your loan?
Saving How Much Will You Save in the Long Run? How much will keeping your loan as it is cost over its remaining life? And how much will your refinanced loan cost over its full term? If you save money in the long run, refinancing might make sense even if the amount of your regular payments goes up!
Consolidation Does Home Loan Consolidation Make Sense? If you have a mortgage *and* a line-of-credit that taps your home's equity, does consolidating your debt into a single loan a good idea? While this tool is set up to specifically address the multiple home loan situation, the basic math applies for any two loans with similar "endurance."

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Welcome to the blogosphere's toolchest! Here, unlike other blogs dedicated to analyzing current events, we create easy-to-use, simple tools to do the math related to them so you can get in on the action too! If you would like to learn more about these tools, or if you would like to contribute ideas to develop for this blog, please e-mail us at:

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