Why wait decades to pay off your home when you don’t have to? Not only will this keep you in debt longer than necessary, but it will also mean you spend a lot more money on interest. Refinancing your home can help you pay off your mortgage faster and reduce the total amount of money you end up putting into your home. Because interest rates are so low right now, there’s a good chance you may be able to re-fi without significantly increasing your monthly loan payment.
Ideal Home Loans can help you arrange a shorter loan term that better meshes with your lifestyle and financial goals. Give us a call to learn more about how refinancing could save you thousands of dollars in interest over the total life of your mortgage.