An ex-colleague of my sister’s, who moved to Oregon when her husband was transferred to the branch office there, bought a house at the same time as my sister. Recently, she sent an email to my sister informing her that she took out an Oregon mortgage refinance for her home because the interest rate dropped quite a lot and she is taking advantage of it.
According to this lady, taking such a move will save her husband and her a considerable amount of money since the interest rate at the time she purchased her home was quite high but she still went ahead to sign for her home because she figured that if she does not commit herself to the home, she will never get around to it because the interest rate will always "seem" high to her.
Taking out an Oregon mortgage refinance may be the best step they have taken because not only can they save money, they are saving time as well. This lady figured that since they are still going to set aside the same amount of money, the repayment will go towards the principle and not the interest.
Although they have planned to repay the home loan in thirty years, they could now shave a few years off the loan period. My sister wonders if the interest rate in Tennessee went down as well.
According to this lady, taking such a move will save her husband and her a considerable amount of money since the interest rate at the time she purchased her home was quite high but she still went ahead to sign for her home because she figured that if she does not commit herself to the home, she will never get around to it because the interest rate will always "seem" high to her.
Taking out an Oregon mortgage refinance may be the best step they have taken because not only can they save money, they are saving time as well. This lady figured that since they are still going to set aside the same amount of money, the repayment will go towards the principle and not the interest.
Although they have planned to repay the home loan in thirty years, they could now shave a few years off the loan period. My sister wonders if the interest rate in Tennessee went down as well.
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