Re:Mortgage Rates Could Tank Home Prices by 20%, Fed Study F...
by tricksforfree on Wednesday November 16, 2022 @10:50AM
(#33625091)
You can refinance in a few years, however you cannot change what the house price was when purchased.
If the house prices is lower, every extra payment to the principal will drastically decrease the interest over the entire term, much more-so than the initial larger loan/principal.
If the house prices is lower, every extra payment to the principal will drastically decrease the interest over the entire term, much more-so than the initial larger loan/principal.