Build equity faster
If you are in a position to make higher monthly payments due to an increase in salary or other good fortune, you may want to switch from a 30-year loan program to a 15- or 20-year loan structure. This enables you to build equity faster and save money on financing fees.
he 5.1% week-to-week hike in mortgage applications has piggybacked largely on robust growth in the volume of refinancing.
the 5.1% week-to-week hike in mortgage applications has piggybacked largely on robust growth in the volume of refinancing.