Mortgage refinancing?
I refinanced 4 years ago for 15 yrs.Would I be better off refinancing for 30 yrs and paying more on my principal each month?
Related posts:
Mortgage refinancing?
at Mortgage Net One
-
Recent Posts
- How To Stop Foreclosure In Seven Days Flat
- How To Use Your Real Estate Expertise To Earn Double Digit Returns!
- Credit Repair, Credit Repair Kit, Credit Repair Ebook
- Vertex42 – The Excel Nexus
- Romantic Camping
- Financial Facelift – Top Selling Christian Debt Elimination Program
- The Debt Free Miracle
- Math Lesson Plan For Teachers!
- Crazy New Govn’t Refi Program For Underwater Homeowners
- Earn Big Money & Help People Find What’s Hidden In Obama’s Stimulus.
Categories
Archives
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- September 2010
- August 2010
- July 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- July 2008
- June 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
December 3rd, 2009 at 10:01 pm
No. It will cost you to refinance & you are adding 19 years back on your loan. It is to easy to not pay extra so you will not be paying it off as soon as you would now. IMO-bad idea.
December 3rd, 2009 at 10:39 pm
If you can handle the monthly payments and plan to remain in the home for several years, the 15-year fixed will save you a large amount over the life of the loan.
On the other hand, 30-year fixed rates can be had under 5% right now. It is very possible that you can bring your monthly payments down significantly, and pay extra principal if and when you choose. So if you want more monthly cash-flow and the flexibility to make extra principal payments, refinancing could make sense.
It really depends on your situation and your objectives.
Hope this helps.
December 3rd, 2009 at 10:40 pm
If you are looking for the best mortgage refinancing site, try this site
http://best-mortgage-refinancing.com/
Here you can find the lowest interest rate in your area