Should you refinance your Home Loan to a 15 year Loan?
We do Mortgage Loans in CA only and the loans tend to be higher amounts. If you refinance into a 15 year loan, you could save hundreds of thousands of dollars. A $500,000 15 year mortgage will save you over $200,000 in Interest as compared to a 30 year loan. That $200,000 could send your kid to college, go into savings as its real savings.