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re: I'm struggling to figure out if refinancing makes sense for my situation.
Posted on 9/13/20 at 5:23 pm to Hammond Tiger Fan
Posted on 9/13/20 at 5:23 pm to Hammond Tiger Fan
I had almost the exact same situation.
Bought house in 2012 for $275k.
Interest rate was 3.5%
Loan was for 30 years.
I just refinanced for 15 years (Rocket Mortgage)
Interest rate is 1.99%
Loan is for 15 years.
My note went up only $100 a month and I shaved 7 years off my note.
It's a no brainer for 15 yr...
Bought house in 2012 for $275k.
Interest rate was 3.5%
Loan was for 30 years.
I just refinanced for 15 years (Rocket Mortgage)
Interest rate is 1.99%
Loan is for 15 years.
My note went up only $100 a month and I shaved 7 years off my note.
It's a no brainer for 15 yr...
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