Don't restart the 30-year clock on a refi

Rates on 10- and 15-year mortgages now in the 2s

By Inman News Feed
Add Comment Add Comment | Comments: 0 | Posted Jul. 5, 2012

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"We could have done it with a higher payment and longer term," the father said. "But now it will be paid off when the kids are still relatively young. While we didn't really want to get a mortgage, having a loan in the twos doesn't feel so bad."

Tom Kelly's new e-book, "Bargains Beyond the Border: Get Past the Blood and Drugs: Mexico’s Lower Cost of Living Can Avert a Tearful Retirement," is available online at Apple's iBookstore, Amazon.com, Sony's Reader Store, Barnes & Noble, Kobo, Borders Books, Diesel eBook Store, and Google Editions. It mirrors a recent article by CNN on the benefits of the country, including increased rental possibilities.

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