I have been thinking recently about refinancing my house loan from a 30 year to a 15 year mortgage. Some of you might recall that my wife sales new homes and well the DFW market has been booming, and that has been good for the pocket book.
We have been putting back money and we both have the cars that we want, live in a house we really like, along with a good school district. We make extra payments now on the house which would probably add up to what a 15 year mortgage would be but we also like the flexibility of if times were to get tight we still have a low payment.
that being said would it really be worth moving to a 15 year mortgage? we already have a 3.25% interest rate on our 30yr and are only about a year into it. could anyone give me the numbers along with a round about cost for all the fees to close on a 15yr?
We have been putting back money and we both have the cars that we want, live in a house we really like, along with a good school district. We make extra payments now on the house which would probably add up to what a 15 year mortgage would be but we also like the flexibility of if times were to get tight we still have a low payment.
that being said would it really be worth moving to a 15 year mortgage? we already have a 3.25% interest rate on our 30yr and are only about a year into it. could anyone give me the numbers along with a round about cost for all the fees to close on a 15yr?
Comment