Refinance

[jmsremax]

Originally Posted by yourchoice

I'm investigating whether it will be worth it for me. I had what I thought was a killer rate of 5% for a 30 yr fixed that has 19 yrs left on it. I'm checking out what my payments will be for a 15 yr fixed rate. 15 yr rates are below 4% I think. If I can knock 4 yrs off the term and keep my payment the same or lower I'm doing it...so long as the closing costs permit it.

These are my feelings when it comes to refinancing (at a lower rate).