Questions & Answers

Feedback

Personalize Yedda, (And make Danny Happy)

People ask & answer about almost everything. Tell us what you're interested in... So we can personalize Yedda especially for you

I'm interested in:

Save

Cancel

Open Question
1 answer

Originated from
David Reed's Profile

DeeDee

Confused with decision

We have a 30 year fixed loan on our home, with not much equity in it. We have been offered a 15 year fixed rate at 4.5%. The confusion is that we really don't think we will be living in this home in the next few years. Do you think we should refinance? DR in Penna.

Answer this question

Topics:

mortgage

Posted 2009-08-24T23:46:26Z
72 views
0 watchers
Reply
Edit

Send to a friend

Watch

Report

Posted Answers

belinda

3 answers

No unless you are thinking about becoming landlords and making a little extra money that could help pay for the second mortage.Before you do all of that find out how much your home is worth.And then compare with the rest of the homes in your area

Posted 2009-08-24T23:55:09Z

In reply to DeeDee's question

Helpful?(0)

Rated #1 out of 1

Report Abuse

Sign in to participate

Got an answer for DeeDee? Would you like to comment on the posted answers, or vote for the one which you think is the best?

Explore Related Questions

Other people asked questions on similar topics, check out the answers they received:

How do you modify your mortgage under obama bailout plan?

If you're unable to manage your mortgage or you're already behind on payments, try negotiating a workout plan with the lender so ...

Submitted by realstubs 8 months ago.

22 answers
viewed 1937 times

Last answer posted 9 days ago by windowbugg

Can the second mortgage foreclose if the first is paid current?

I filed bankruptcy (chapter 7) in 2007. I did not reaffirm my 1st (200,000) and 2nd (52,000)mortgage but have continued to pay ...

Submitted by Dani 1 year ago.

6 answers
viewed 942 times

Last answer posted 2 months ago by Beck Saffary

Asked about "What Happens to Second Mortgage After Foreclosure on the First?"

What is mortgage life insurance?

Submitted by hadley 10 months ago.

6 answers
viewed 328 times

Last answer posted 18 days ago by Denise

Asked about "How Mortgage Life Insurance Works"

» More...

Explore Related Posts in Forums

Home Mortgage Informative - Home Mortgage, Home Mortgage

Mortgage and was approved in 2 days. Next Wells Fargo Home Mortgage Review >>> in participating in a Class Action Suit against Wells Fargo for mortgage fraud please send me an email are making it near impossible to purchase a new home.I have 2 mortgages with Wells Fargo. They were

Mortgage Rate discussion: was "Banks to boost mortgage rates"

Here's some unwelcome news if you're on a variable rate mortgage: http://www.globeinvestor.com in the USA, higher mortgage rates, will only push us further into recession, dropping real estate values , and reducing construction.The traditional spread between prime and mortgage rates has been broken

Anyone With A Reverse Mortgage? (balloon payment, foreclosures, mortgage ...

I am wondering if any Arizona people have a reverse mortgage and would like to comment on how it works and if they feel it is a boon or a boondogle. I am somewhat reluctant to listen to the mortgage Azloafer, I am a closing agent in MI, so maybe I can help. A reverse mortgage is pretty much