Sentences with phrase «left on your existing mortgage»
Similarly, if you've only got a few years left on your existing mortgage, you might not save that much in mortgage interest even with the best refinance rates.
https://www.mortgageloan.com/ Not exact matches
When subtracting the amount that is still owed on the existing mortgage ($ 250,000) leaves a maximum «cash - out» amount of $ 47,500 (less closing costs).
Refinancing a 30 - year mortgage with 25 years left until it is paid off into a new 30 - year mortgage means that you might end up paying more total interest over the life of the new mortgage, even though the interest rate on the new mortgage is lower than the rate you would pay over the remaining 25 years of the existing mortgage.
We only had 8 years left on our existing 15 year loan but we refinanced to another 15 year mortgage.