Question by jebfowler: What’s better, paying ahead on our 30 year mortgage or refinance to a 10 year mortgage?
current house payment is 650. What’s better financially, paying an extra 500 per month on our 30 year mortgage or refinancing to a 10 year mortgage and paying 1150 per month? We are 3 years into our 30 year mortgage.
the 30 year has 5.75%… and i used current rates for the 10 year.
Answer by rlc_60504
What are the interest rates in both scenarios?
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