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15-year mortgages the hot refinancing optionColumbus DispatchIf we stay for 10 years, it's more equity. If we stay for 15 years, which is totally feasible, we own the house.” Five years ago, Jason and his wife, Layla, had used a 30-year loan with an interest rate of 6.4 p ercent to buy their home in Oakland, ...and more » |
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Five Housing Trends in Fall 2011Fox BusinessBorrowers seeking to refinance will likely continue to take advantage of the superlow rates -- if they qualify and have enough equity in their homes. Stringent underwriting standards coupled with lower loan limits, which went into effect at the ...and more » |
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