The traditional answer to the question "When is the best time to refinance?" is when interest rates fall 2 percent below your current mortgage interest rate. However, in recent years some experts have argued that refinancing may be appropriate with a smaller point spread. Some weight is often given to the length of time the owner anticipates holding on to the property. If the owner expects to keep the property for at least three or four years, then refinancing may be worthwhile. While refinancing can involve upfront costs, in many cases it is possible to roll the costs of the refinancing into the new note and still reduce the amount of the monthly payment
If you are about to change the blade on your bandsaw, dig out your small spring clamps to make the job easier. A new bandsaw blade can have a tendency to slip off of the top wheel while you try to get it on the lower wheel. Use a pair of small clamps to hold the blade on the top wheel while you slip it over the lower wheel and apply tension. Remove the clamps from the wheel before you begin making final adjustments.