The Advantages of a 15 Year Mortgage Refinance

If you’re looking for a way to significantly reduce your total mortgage expense, or to pay off your loan much, much faster, you should really look at switching to a 15-year fixed rate mortgage. At this moment 15-year fixed interest rates are 0.75% (or more!) below the 30-year fixed rate. That means significant savings over the life of your loan — …

The 40-year mortgage is real

The 40-year mortgage is real, and it’s here at Newfi! People talk about 40-year mortgages as if they were mythological beasts of old, like dragons, gremlins, or presidents who never told a lie. But 40-year mortgages are real, and they’re here at Newfi! Now, our 40-year mortgage isn’t a standard mortgage, where each month your pay down your interest and principal. …