➡ Today’s 15-Year Refinance Rates – https://www.bankrate.com/mortgages/15-year-refinance-rates/?utm_source=youtube&utm_medium=video&utm_campaign=mortgages&utm_content=anqCXgA85ho

We discuss the pro’s and con’s of refinancing into a 15 year home loan. For many people refinancing their mortgage makes a lot of sense. You can potentially save a lot of money, but it’s not always a no-brainer move and there’s a lot that you need to consider before doing that. For instance, it largely only makes sense to refinance if you’re going to save at 1% on your mortgage interest rate because there are closing costs involved. Not only that, but you have to take into account how long you have had your current mortgage. For some people, rather than refinance their current mortgage, it makes more sense to just make additional payments on their current home loan. You should be able to just pay 1/2 your mortgage every 2 weeks, which effectively gives you an extra mortgage payment every year.

▬ HELPFUL RESOURCES ▬
Refinancing into a 15-year mortgage:
https://www.bankrate.com/mortgages/15-year-refinance-rates/?utm_source=youtube&utm_medium=video&utm_campaign=mortgages&utm_content=anqCXgA85ho

Mortgage refinancing calculator:
https://www.bankrate.com/calculators/mortgages/refinance-calculator.aspx?utm_source=youtube&utm_medium=video&utm_campaign=mortgages&utm_content=anqCXgA85ho

Understanding current interest rates:
https://www.bankrate.com/mortgages/current-interest-rates/?utm_source=youtube&utm_medium=video&utm_campaign=mortgages&utm_content=anqCXgA85ho

Amortization schedule calculator:
https://www.bankrate.com/calculators/mortgages/amortization-calculator.aspx?utm_source=youtube&utm_medium=video&utm_campaign=mortgages&utm_content=anqCXgA85ho

When to pay off mortgage early:
https://www.bankrate.com/mortgages/early-payoff/?utm_source=youtube&utm_medium=video&utm_campaign=mortgages&utm_content=anqCXgA85ho

All mortgage lender reviews:
https://www.bankrate.com/mortgages/reviews/?utm_source=youtube&utm_medium=video&utm_campaign=mortgages&utm_content=anqCXgA85ho

▬ CONNECT ▬
Website: https://www.bankrate.com/?utm_source=youtube&utm_medium=video&utm_campaign=mortgages&utm_content=anqCXgA85ho
Facebook: https://www.facebook.com/bankrate
Twitter: https://twitter.com/bankrate
Instagram: https://www.instagram.com/bankrate

Sign Up For Bankrate Dashboard (It’s Free):
https://www.bankrate.com/sign-up/?utm_source=youtube&utm_medium=video&utm_campaign=mortgages&utm_content=anqCXgA85ho

▬ TIME STAMPS ▬
0:00 – Video Overview
0:45 – 30YR vs 15YR Mortgage
1:48 – Downsides of Refinancing
4:00 – What To Consider Before Refinancing
6:47 – Closing Advice

▬ CREDITS ▬
Much of the stock footage shown in this video was provided by Storyblocks and Getty Images.

source

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *