Ask Terry Questions Refinancing choice 15 vs 30 year

Refinancing choice 15 vs 30 year

By Terry Savage on August 05, 2020 | Housing / Real Estate

15 year at 2.5% verses 30 year at 2.85% with a 285,000 loan. Which should we go with?

Terry Says

If you’re young enough to want to pay off your home and live in it for a while, then go with the 15 year and get it done! If you are having financial troubles and just want to lower your monthly payments, then go with 30 year.

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