You could lower your payments by switching to a 15-year mortgage
With interest rates rising, it might be time to refinance
The average 30-year fixed mortgage rate has increased to more than 4.7 percent. * With the economy performing well, here’s why now is the time to refinance your 30-year mortgage:
- You could lower your interest payment by getting a lower rate on a 15-year mortgage
- You could pay off your loan 10 years early and savor the savings
Contact your local Guaranteed Rate loan officer to go over your loan options if you’re interested in refinancing to a 15-year mortgage.
*Report from USA Today https://www.usatoday.com/story/money/personalfinance/real-estate/2018/07/22/how-to-pay-off-your-mortgage-early/36899379/
Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Guaranteed Rate for current rates and for more information.