What can you loan/ finance gurus tell me about refinancing a house. I'm debating on refinancing my house to a 15 yr term. I bought it several yrs ago for 72,000 it appraised for 93,000. I have a 4.5% interest rate. My monthly payment is usually about $478 with insurance and escrow included. Of that $251 is interest. I want to pay it off well before 30 yrs but never remember to pay extra each month. Would it benefit me to look into refinance. And what kinda numbers y'all think I'd be looking at?
Oh and my principal balance YTD is 66,968
Last edited by TravisBatey; 01/28/15 11:27 AM.
