Small morgage high interest
My sister has excellent credit. She has a $20,000 mortgage left at a 6.5% interest rate. Since its such a small mortgage what are her options to be able to take advantage of the super low rates right now.? Thank you so much!
Terry Says
She should immediately refinance that mortgage! She will likely get a rate below 3 percent! (Or perhaps, if she has extra cash and no other debt, she might want to simply pay it off and be done with it.) But if she needs the mortgage (and perhaps to withdraw some extra money for important expenses) then this is the moment to do it. Go to either GuaranteedRate.com or RocketMortgage.com and get going!
