Posted on: 10th Nov, 2010 12:49 pm
We have a home that is valued at $185K- we have $60k left on the mortgage- we pay $1400 month and have about 6.5 yrs left- our rate is 6.45%- does it make sense to refiance at 3.25 for 10 years?
hi kings!
welcome to forums!
the rate that is being offered to you is quite low. thus, it makes sense to refinance the loan if you can continue paying the mortgage for the next 10 years. moreover, if you're planning to stay in the property for the next few years, you can definitely go ahead and refinance your loan.
feel free to ask if you've further queries.
sussane
welcome to forums!
the rate that is being offered to you is quite low. thus, it makes sense to refinance the loan if you can continue paying the mortgage for the next 10 years. moreover, if you're planning to stay in the property for the next few years, you can definitely go ahead and refinance your loan.
feel free to ask if you've further queries.
sussane