Would You Like To Be Debt-Free In 7 Years?
December 06, 2021
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What would you do if you didn't have a house payment? Save more for retirement? Increase your savings or emergency fund? Pay for your children's college? If this sounds alluring, then consider refinancing your home to a 7-year mortgage.
Is Refinancing to a 7-Year Mortgage Right For You?
You will certainly pay your house off faster with a compressed payment schedule, but you will want to determine if the potential of a higher monthly payment is feasible with your budget. If it works with your monthly budget, then you may save substantially in interest payments over the course of the loan.
Yes, This Sounds Like Me!
Do you have sizable equity built up in your home and have a good credit score? Then it’s a great option to consider refinancing to a 7-year term.
I Want to be Debt-Free in 7 Years!
Let Arbor Financial crunch the numbers for you and help you pay off that house. Click here to start a conversation with a Mortgage Specialist today.