Posted on: 10th Dec, 2010 09:28 am
i have a twenty year fixed mortgage at 5.3 % paid down to thirteen yrs. left on it.l am wondering if i should refinance to a fifteen year because the rates are so low. i know it will add two years back onto my mortgage, but will this save me money in the long run?
No one can answer your question unless they know the current balance of you mortgage.