When my sister took up a home loan last year, she committed herself to two loans, a mother loan which is a 30-year commitment and a child loan of a shorter period.
Now that she has found other home loans that may offer her a lower interest rate, she is seriously considering a Mortgage Refinance.
She said that using the Mortgage Calculator, she estimated that she could save quite a bit of money monthly and her total interest paid for the duration of her loan period will be a lot less too.
I told her that if this will mean more savings, then go ahead.
Now that she has found other home loans that may offer her a lower interest rate, she is seriously considering a Mortgage Refinance.
She said that using the Mortgage Calculator, she estimated that she could save quite a bit of money monthly and her total interest paid for the duration of her loan period will be a lot less too.
I told her that if this will mean more savings, then go ahead.
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