Hal's Mortgage Blog

1. If you’re thinking or refinancing, and have the equity to do so, you can shorten your mortgage term. Say you have 25 years left on a 30 year mortgage – you might be able to get a 15 year mortgage for almost the same monthly payment.

2. If you’re buying. You might consider a 15 year mortgage – you’ll save tens of thousands in interest and retire your debt in half the time. What if you can’t manage the larger payment? Get a 30 year and pay a little extra on the principle each month.

3. Investors - This could be a great time to buy an investment property. While rates are higher than a home you plan to live in, they are still much lower than any time in recent history. Pencil it out to see if it makes sense to you.

 
Let me know you’re out there. Send me a comment.