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  • Other Added - Mortgage Refinancing - Why Most Homeowners Should Choose a 15 Year Mortgage

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    The 30 year fixed interest rate mortgage remains the most popular choice for mortgage loans because it allows borrowers to qualify for higher amounts and purchase more expensive homes. Recently, more homeowners have been opting for 15 year mortgages to avoid the high costs of 30 year mortgages. Here are several tips to help you decide if 15 year mortgage refinancing is right for you.

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    Automatically choosing a 30 year mortgage when refinancing your home could cost you thousands of dollars in unnecessary mortgage interest. You will pay a surprisingly higher amount with a 30 year mortgage compared to a 15 year mortgage loan. Choosing a 15 year mortgage will not only qualify you for a lower interest rate by half a percent, but you will only

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