Ask Terry Questions refinance?

refinance?

By Terry Savage on January 03, 2021 | Housing / Real Estate

We have a 30,000 mortgage at 4.25%. Our taxes are around 2,000. We always pay extra on our loan. Is it worth it to refinance at this point? With all the fees we would have to pay?

Terry Says

You wouldn’t have to pay fees. And you don’t have to refi to a 30 year mortgage if you’ve been paying for years. If you’re still working and want to pay it off before retirement, consider a 10 or 15 year mortgage. Rate should be around 2.5%.
Go to Quicken loans or Guaranteed Rate. In fact, if you have good credit contact my mortgage expert Leslie Struthers at Leslie@rate.com. You can use my name, or not, as Iget nothing out of this recommendation but the knowledge you will be treated fairly and promptly.

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