Posted on: 17th Nov, 2010 10:41 am
I have a 30ty fixed rated at 5.8. Should I make extra payments each month to save money. I am 55 yrs old and refied so I have like 28 years left on the loan. I owe 100.000.
hi sindee!
welcome to forums!
rates are going quite low these days. if you have equity in your property and if you want to stay in the property for a long period of time, then it's a good option to refinance the mortgage and take advantage of the lower rates. if you wish to avoid the closing costs, then you can start paying extra to pay off the loan faster.
feel free to ask if you've further queries.
sussane
welcome to forums!
rates are going quite low these days. if you have equity in your property and if you want to stay in the property for a long period of time, then it's a good option to refinance the mortgage and take advantage of the lower rates. if you wish to avoid the closing costs, then you can start paying extra to pay off the loan faster.
feel free to ask if you've further queries.
sussane