Time is Right to Refinance a Mortgage, Bills.com Says
Summary
"Some borrowers have been able to save even more by refinancing from a 30-year mortgage into a 15-year term, meaning they will be able to pay the loan off much sooner – with much less interest paid – and still obtain affordable monthly payments.Additionally, those who have already paid their mortgage for several years will find that choosing a shorter term will avoid "resetting" the length of time until payoff." About Bills.com (www.bills.com) Based in San Mateo, Calif., Bills.com (www.bills.com) is a free one-stop portal where consumers can educate themselves about complex personal finance issues and comparison shop for products and services including credit cards, debt consolidation, insurance, mortgages and other loans."Some borrowers have been able to save even more by refinancing from a 30-year mortgage into a 15-year term, meaning they will be able to pay the loan off much sooner – with much less interest paid – and still obtain affordable monthly payments."About Bills.com (www.bills.com)Based in San Mateo, Calif., Bills.com (www.bills.com) is a free one-stop portal where consumers can educate themselves about complex personal finance issues and comparison shop for products and services including credit cards, debt consolidation, insurance, mortgages and other loans.