Posted on: 04th Nov, 2010 05:51 am
147000 remaining on a 30 year fixed at 5.375%. on schedule to pay off in 16 years. monthly payment is 1750 but i pay 2000 per month(250 going to principal). received offer to refinance at 4.375% 30 year fixed w no closing costs. thoughts? thanks
Hi johnfoo!
Welcome to forums!
If you're planning to stay in the property for a longer period of time, then it is a good option to refinance the mortgage at a lower rate. This will help you in lowering your monthly payments and saving money.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If you're planning to stay in the property for a longer period of time, then it is a good option to refinance the mortgage at a lower rate. This will help you in lowering your monthly payments and saving money.
Feel free to ask if you've further queries.
Sussane