Finance - Which to pay first?

The Poet · 11-07-2019, 01:17 PM

The Fed has dropped interest rates 3 times in the past few months. Have you looked into refinancing your mortgage to get a lower rate?

mosesbotbol · 11-07-2019, 01:23 PM

Quote:

Originally Posted by The Poet

The Fed has dropped interest rates 3 times in the past few months. Have you looked into refinancing your mortgage to get a lower rate?

Not really. I worry if I refinance to a 20, the amortization schedule may play against me.

I could look into it and see if it really makes sense. I am at an effective rate of 3.8750% currently on my mortgage.

Looking at a mortgage calc, I could do a 15 fixed and pay similar to what I pay now. Something to consider. I will stop by a bank and talk to them. Thanks!

11-07-2019, 01:17 PM	#1
The Poet Il megglior fabbro Join Date: Jun 2009 First Name: Thomas Location: Hickory, NC Posts: 8,420 Trading: (2)	Re: Finance - Which to pay first? The Fed has dropped interest rates 3 times in the past few months. Have you looked into refinancing your mortgage to get a lower rate? __________________ Ninety percent of everything is crap - Theodore Sturgeon.