It is illogical and foolish to throw away or waste something that you need, which is why many people experience a sinking feeling whenever they are forced to do so. Unfortunately, many have to see their hard-earned money practically disappear without any material benefit to them, thanks to the existence of debt and debt servicing. …
Should You Refinance from a 30-year to a 15-year mortgage?
Mortgage rates have been decreasing nationwide, and rates are so low that they seem unbeatable, offering the best value possible. The average rate for a 15-year loan is 2.63%, about 70 points lower than a comparable rate for a 30-year loan. Such low rates and large rate discrepancies make refinancing from a 30-year mortgage to …
