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re: Refinance gurus- I'm looking to refinance my mortgage- will it be worth it?
Posted on 3/9/15 at 9:00 pm to Weizenman
Posted on 3/9/15 at 9:00 pm to Weizenman
quote:
I have approx 18 years left on a 30 year mortgage, about 70,000 left to pay off on 5.5% rate. Is it even worth refinancing?
I would at least consider taking it down to 15 years and getting to 4% or lower (depending on current rates) - your payment will be close and you'll make 36 fewer,
(ETA: Which is free money without interest. I'm not going to go on a rant about the "free money" advocates, but y'all forget that housing itself has a value).
This post was edited on 3/9/15 at 9:02 pm
1
Posted on 3/9/15 at 9:13 pm to Ace Midnight
quote:
I would at least consider taking it down to 15 years and getting to 4% or lower (depending on current rates) - your payment will be close and you'll make 36 fewer,
This is my goal, even playing with the idea of going down to 10 years.
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