Question by pinkii: How do I lower mortgage interest without refinancing?
Paying $ 800 a month for my mortgage and $ 650 goes srtaight to interest. How do I reduce that?
Answer by Taylor099
I do not believe rates can simply be lowered on an existing loan. The loan and their rate are inseparable. When you apply for a new rate, the lender is essentially closing the old account and starting a new one.
What do you think? Answer below!