11-14-2012, 01:15 AM
Speedy wrote:
They want 4.125% for either 20 or 30 years? If you can still get the 30 year mortgage, go with that. If not, congratulations!
20 years was the offer. and that's what i actually wanted. i'm 8 years in on the current loan and with the prepayments i've been doing i knocked off almost another 4 so my time was down to 18 years. the thought of starting another 30 year loan at my age was demoralizing. if i keep pre-paying even half of what i have been doing it knocks down to a 16 year loan.