41 yr old Single mother, on disability. I live in Tennessee. The house I live in, My ex husband and I paid cash when we first moved in. Then we went and took out a 40,000.00 loan. The loan is a 5 yr refin. balloon payment.
My payments for the house is 326 a month, its time to refinance and I was wondering how much extra each month should I pay to pay the loan off in 5 yrs, before I will have to refinance again?
This reader question was submitted for site members to answer.
This is your chance to be a hero and help out this person by providing your feedback and answer to the question. Post your response in the comments section below.
If you have a credit or debt question you’d like to ask just use the online form.