Question by ramona rankins: Mortgage refinancing?
I refinanced 4 years ago for 15 yrs.Would I be better off refinancing for 30 yrs and paying more on my principal each month?
Answer by Lisa L
No. It will cost you to refinance & you are adding 19 years back on your loan. It is to easy to not pay extra so you will not be paying it off as soon as you would now. IMO-bad idea.
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