Quote:
Originally Posted by JARblue
I will say that 15yr note and interest rate looked very appealing ... instead we're earn$pending a $40K 2nd lien for renovations after the refi goes through
New 30 yr note is only 25 pts higher than our current interest rate, so not terrible. Mortgage has been going up lately since we escrow taxes and the property is increasing in value, but we drop over $100 per month just by getting rid of the stupid mortgage insurance required by the FHA loan structure.
|
yah, i mean its no huge rush to pay off a house, but mang once u pay it off so much extra $$$ u can save for future.