|
On 24 Aug 2006 04:05:14 -0700, Mortxp <harmoniks55@yahoo.ca> wrote:
> The Fast Track to Gaining Equity with Refinancing
>
>
> When most people think of refinancing, they think of a way to lower
> their monthly payments or to get cash out of their homes, but there's
> another aspect to refinancing that more and more people are finding out
> about and utilizing.
I already thought of that. Early last year I refinanced 3 years into a
30, to 20 years at lower fixed interest with the same lender. Total
closing costs were only $170.00 (already had appraisal, etc. from original
mortgage). For an extra $30/mo I shaved 7 years of payments and $62k
in interest off of my original mortgage, maybe more if I pay down
principal sooner.
|
|
Re: The Fast Track to Gaining Equity with Refinancing.
