You’re right. I have always considered that but I am not really certain if the effort, trouble and expense are worth it.
—You’re right. I have always considered that but I am not really certain if the effort, trouble and expense are worth it.—
I think rates were significantly higher back then. Unless you are almost paid off it is probably definitely worth it to refi. I’d really look into it. I know people in Seattle that knocked hundreds of dollars per month off their payment. Then again, in some areas the mortgage payment itself is only a few hundred a month (like mine), so YMMV.