January 28, 2022, 09:29 AM
Timdogg6Mortgage refi options?
I am a real estate attorney for the last 20 years.
Approach all with caution.
Also, the price the rate difference between a 15 and 30. A 30 that you pay at the rate of a 15 year is usually the better option.
It allows you to reduce your monthly payment later if the economy shifts or you lose a job.
Just something to consider. If your in FL let me know I have some great lenders who would take good care of you.
January 28, 2022, 10:27 AM
Jimineerquote:
Originally posted by Timdogg6:
I am a real estate attorney for the last 20 years.
Approach all with caution.
Also, the price the rate difference between a 15 and 30. A 30 that you pay at the rate of a 15 year is usually the better option.
It allows you to reduce your monthly payment later if the economy shifts or you lose a job.
Just something to consider. If your in FL let me know I have some great lenders who would take good care of you.
I’m in Oklahoma but thanks for the offer to help.
January 28, 2022, 10:34 AM
RogueJSKquote:
Originally posted by Timdogg6:
A 30 that you pay at the rate of a 15 year is usually the better option.
It allows you to reduce your monthly payment later if the economy shifts or you lose a job.
That's exactly what I did with my current mortgage. 30 year mortgage at 2.25%, but I pay it at a rate where it'll be paid off after 14 years. That way, if something happens financially, I can drop down to just paying the basic house payment for however long it's needed.