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0 pointsRebelgecko4y ago0 comments

If you still have a lot of time left on your mortgage it may be beneficial to refi

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I got 2.75 on mine, which is ridiculously low. My parents paid something like 11-12% on their first house.

How much did they pay for that house though?

they paid more than double then what they bought it for. Interest at 11% over 30 years is larger than the principle.

exactly!!

i would rather pay less for the house.

Sorry, I meant higher than my mortgage. Corrected.

I already had a low rate from ‘17 and we refinanced it again.

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