You can get a lower rate and pay off your mortgage faster, what’s not to love about the 15-year mortgage? It just makes sense to refinance into it from a 30-year loan, right?Compare Offers from Several Mortgage Lenders.Not always. Yes, you may save a lot of money on interest. Cutting your Read more
The 15-Year Mortgage as a Purchase Loan
When buying a home, you’d be faced with the quintessential question: How much can I afford? There’s the matter of how much of your income should be spent on your mortgage to be settled. Then as a follow-up, how much of this income should go to your mortgage’s interest. If you’re keen on saving on Read more
Refinance Rates and Fixed Rate Mortgage Options
As of Dec. 8, 2016, mortgage refinance rates slid lower per Bankrate’s survey. This means that rates for 30-, 15- and 10-year fixed rate mortgages are still within the record-low standard. And locking into fixed refinance rates offers two things: lower rates and more stable monthly payments in Read more
