Ask Terry Questions Refinance from 5.25%?

Refinance from 5.25%?

By Terry Savage on January 18, 2021 | Housing / Real Estate

I owe $148,000 on a 30-year fixed we owe 18 years.
We are fixed at 5 and 1/4 percent House is worth $200,000 wondering should we refinance ,My husband is 60 and I am 56

Terry Says

Absolutely, You’ll get a rate well below 3% if your hurry. And take a 15 year loan so you can pay it off before retirement. Don’t wait – -and if you get a hassle or delays from your bank (they’re jammed) apply at a place like Rocket Mortgage or GuaranteedRAte.com.

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