Hello!
Here is something to consider if you were thinking about refinancing from a 30 year mortgage to a 15 year mortgage…
It takes 19 years and 4 months to pay your principal down by half on a 30 year amortization.
Recommended action…
If you can handle a slightly higher mortgage payment it’s a smart play to refinance to a 15 year mortgage!
If you would like to see if you qualify for a mortgage right now – just contact our office and we’ll be happy to help you.
That’s it for today!
Have a good day! …and thanks for reading.
Brett