Well’s Fargo is offering me HARP 3 Step. Is it wise to take it?
I am scheduled to pay off my loan in the year 2021. It appears the offer is asking me to refinance my current loan with a new 15 year mortgage at a reduced interest rate? If that is the case, just to save $ 31 per month. I would be spending $ 78,592 more over the life of the new 15 year loan. If, however, they are offering a reduced interest refinance loan that would continue on my current path of a maturity date in 2021 it might be a good deal?