We are refinancing our mortgage to replace our windows. Will it be better to stick with a 20 year loan or try to go for a 15?

Asked by Steffanie

1 Answer

Log in or sign up with email
By submitting you agree to our Terms of Service
Answered by Justin Clark, Mortgage Broker in Moreno Valley, CA
That all depends on the monthly payment you want and what kind of rate you can get. You’re payments will be a little higher with a 15 year loan but you will most likely get a lower rate and build equity faster than a 20 year. I would say if you can afford the 15 year payments with no issues then go with the 15 years. | 11.17.15 @ 21:17
Comment
Log in or sign up with email
By submitting you agree to our Terms of Service
$commenter.renderDisplayableName() — {comment} | 12.09.16 @ 13:58
Log in or sign up with email
By submitting you agree to our Terms of Service
Free MoneyTips Membership!

Get FREE, full access to MoneyTips.com

Answered by

Justin Clark
Justin Clark, Mortgage Broker in Moreno Valley, CA

Related Questions