January 19th, 2024 2:52 PM by Cathy Heckman
Do you think long term 30 years with higher interest rate and pay extra to save on the long term or do you think shorter larger payments with a possible reduction of interest rate.
With markets where they are what best suites your needs. Can you afford the larger payments with the smaller interest rate now?
Will you be looking to refinance if interest rates go down and what does that mean for you? Remember when refinancing you will have fees and how does that effect what you are paying long term. This is what your broker is good at and you need to ask those question when finding the right broker.
Cathy Heckman
Mortgage Contract Services
(303) 638-7814