You can use online calculators to figure out the payments to principle that will make this happen. I like Bankrate. If life changes, you still have the 30 year loan, smaller payments. If you get a bimonthly payments going for the price of an extra payment one time, you can save about 7 years off the loan, for the same money. For these reasons, I do not think that refinancing is worth it unless you are coming down 4 or 5%—just the fees take a couple of years to play out.
Announcement
Collapse
No announcement yet.
How do I complete my home loan within ten years?
Collapse
X
-
Hello, to write off debts means to completely get rid of the debt load. Many people think that you can get rid of the debt burden by refinancing or debt restructuring. There are also specialized companies that provide debt relief services. Visit what is credit9 reviews to see how this works in practice.
- Quote
- Comment
Comment