The Numbers That Made Us Decide To Refinance
What We Get Back From Refinancing
Cost Difference Wasn’t That Much
Argument Of 15-Year Mortgage Term vs 30-Year Mortgage Term
- You should pay extra principal payments on the 30-year mortgage to pay it off like a 15-year mortgage. You’ll have wiggle room in down times.
- You should get the 30-year mortgage and invest the difference in an investment vehicle that pays more.