Wednesday, December 31, 2008

First, Let's Get Rid of that Second Mortgage

When my wife and I bought our house, we got a 75/25 mortgage set up. The smaller loan will balloon in 15 years, so we have started to make extra payments on that loan. We just learned that we can consolidate both loans together at a reduced interest rate in the 4% range. Yeah, I think we will do that.