03-09-2020, 02:34 PM
I don't want to make light of a really bad situation with the stock market and health crisis, but due to the fed cut last week, interest rates are at, essentially, all time lows.
If you have the means, I'd recommend looking into refinancing your home. You could probably save hundreds of dollars a month or cut the term of your mortgage by 5 years at a marginal (or nonexistent) monthly increase.
Not sure if this is the right place for this post, but I think the fed cut was a direct response to the coronavirus downturn, so figured I may as well post it here.
If you have the means, I'd recommend looking into refinancing your home. You could probably save hundreds of dollars a month or cut the term of your mortgage by 5 years at a marginal (or nonexistent) monthly increase.
Not sure if this is the right place for this post, but I think the fed cut was a direct response to the coronavirus downturn, so figured I may as well post it here.