In case the brand-new mortgage try a 30-12 months title (or more), following refinancing is a good method of getting on best goal of securing during the a great 15-year fixed-price home loan.
I state 15-12 months repaired-price mortgages certainly are the objective since they are healthier than 30-12 months mortgages. Continue reading “step three. Reduce the duration of Their Mortgage Identity (Focus on 15 years or Faster)”