I just refied my home loan and cut my house payment by $400 a month
#1
I just refied my home loan and cut my house payment by $400 a month
And thank God for it.
I was starting to wonder where in the world I'd find the extra money to pay for gasoline, now that the prices have skyrocketed back up to Heaven.
Well, this'll take some of the pressure off, that's for sure.
I was starting to wonder where in the world I'd find the extra money to pay for gasoline, now that the prices have skyrocketed back up to Heaven.
Well, this'll take some of the pressure off, that's for sure.
#2
#4
I refinanced mine about a year ago and reduced the payment by a little over $800 per month. I didn't do it to lower my monthly payment but rather to pay my mortgage off early.
Now when I make a payment I include an extra $800 each month toward the principal. I end up paying about the same each month as I had been but I'll be paying off my loan several years earlier and saving about $5,000 in interest.
My current rate is 3.0% fixed for 7 years but it'll be paid off before then.
Now when I make a payment I include an extra $800 each month toward the principal. I end up paying about the same each month as I had been but I'll be paying off my loan several years earlier and saving about $5,000 in interest.
My current rate is 3.0% fixed for 7 years but it'll be paid off before then.
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