Ask Terry Questions Bought a house

Bought a house

By Terry Savage on March 07, 2020 | Housing / Real Estate

I’m 52, and I just bought a house last year with a 30 year mortgage. what would be the best way to get the house paid off faster so I will not still be making a mortgage payment when I retire.

Terry Says

First, if you bought the house last year, you can now save by refinancing. And if you refinance to a 15 year mortgage you can get a 2.75 percent rate — or maybe even lower. That will pay it off faster, at much lower interest cost over the long run. Jump on this opportunity!
(My suggestion contact: (that’s Leslie Struthers at Guaranteed Rate. You don’t have to use my name as I get nothing out of this. But she is my go-to mortgage person!)



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