Refinance Question, what to do?

[Tara Brandner]

I am refinancing my home to get my ex-husbands name off and allow me to obtain HELOC to buy rental properties. Which would you go with? I come from a family that believes in paying less to the bank so pay more per month to pay it off faster but I do not think that is the investment mindset?

15 year fixed

6.54%

$428.02/ month

20 year fixed for 15 years, balloon at year 15 and we can look at doing a modification for the balance and get you a new rate or you can pay off the loan.

6.74%

$372.41/ Month

25 year Fixed for 15 years, balloon at year 15 and we can look at doing a modification for the balance and get you a new rate or you can pay off the loan.

6.94%

$345.23/ Month

30 year fixed for 15 years, balloon at year 15 and we can look at doing a modification for the balance and get you a new rate or you can pay off the loan.

7.14%

$331.41/ Month