A lot of homeowners refinance into a brand-new 30-year mortgage without realizing it resets their whole payoff schedule. That means you go right back to the years where most of your payment goes toward interest, not principal. A smarter move? Ask about a 20- or 25-year refinance instead. You still get the benefit of a new rate without restarting the clock — and it can save you a huge amount in interest long-term. The only time restarting at 30 years makes sense is when you truly need a lower mon
A lot of homeowners refinance into a brand-new 30-year mortgage wit…
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If you want to refi, APPLY and LOCK BEFORE rate cut announcements is the trend in this unstable environment 🥲 #refi #fedratecut #mortgagerates | Liz Urrutia- Mortgage Loan Officer - NMLS# 1818156
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If you want to refi, APPLY and LOCK BEFORE rate cut announcements …
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