Don Taylor |
Pay off Home Faster With a Cash-in RefinanceArticle |
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http://www.foxbusiness.com/ | The appraised value of your home limits how much you can borrow. It’s your income that limits whether or not you can afford a 15-year mortgage. I’m going to assume it’s the appraisal issue that’s keeping you from refinancing. Otherwise, you could refinance with a longer-term loan, capture the interest rate savings and prepay principal to shorten the life of the loan. | |
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