3 ms·
But home prices will likely drop, which will hopefully more than offset the increased interest cost. Plus, you can refinance a loan for lower overall costs, but
by cudgy 4y ago
But home prices will likely drop, which will hopefully more than offset the increased interest cost. Plus, you can refinance a loan for lower overall costs, but there is no way to reduce the principal of a mortgage other than forking over hard-earned cash.
- TimPC 4y agoSo far in my market even accounting for the drop in prices, monthly payments were slightly larger.