Refinance 15 Year Rate

For example, if you've got 20 years left on your mortgage, you might refinance into a 15-year fixed-rate mortgage and pay it off five years faster. Because.

 · Should you Refinance VA Loan from a 30 year mortgage to a 15 year mortgage? You save money on interest payments but pay more each month.

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When interest rates are rising, the conventional wisdom says that refinancing your mortgage is less appealing. But for some homeowners, a 15-year refinance mortgage could be a smart financial move.