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re: How to determine if I should look in to refinancing home?

Posted on 3/31/20 at 10:16 pm to
Posted by barry
Location, Location, Location
Member since Aug 2006
50361 posts
Posted on 3/31/20 at 10:16 pm to
quote:

I'm just like Saint..... had a 30yr @ 4.8 (11 yrs into it) refi'd to a 15yr @ 3.0.


never understood why people do this, you can just make extra payments on the 30 and have optionality to always go back to the minimum payments
Posted by GeauxGutsy
Member since Jul 2017
4736 posts
Posted on 3/31/20 at 11:08 pm to
quote:

never understood why people do this, you can just make extra payments on the 30 and have optionality to always go back to the minimum payments



Because paying extra sounds good on paper to most as they’re signing paperwork. Most will never pay a penny extra.
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