In my communication with customers who are considering a refinance mortgage I can often sense a general sense of reluctance to “restart” their mortgage on a new 30 year or 15 year amortization schedule. Sometimes I get asked questions such as “If I refinance won’t I lose all those payments that I’ve already made?”. The truth is that consumers can pay their mortgage balance down sooner even if it means taking out a new mortgage with a new amortization schedule. To see how click on the video below.
Click HERE to view the report that is highlighted in the video for yourself.