If we wish to refinance a mortgage of 133,000 with a current rates of 6.125

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If we wish to refinance a mortgage of 133,000 with a current rates of 6.125

If we wish to refinance a mortgage of 133,000 with a current rates of 6.125% to a new rate of 4.875.% with 5000.00 in closing costs saving 100.00 monthly, does it seem worth it?

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Anonymous (not verified)
24-01-2011

1 Answers

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Hi Guest, The interest rate that you're getting is quite good. So, I personally feel that it will be a good option to refinance your mortgage. If you can pay the closing costs and plan to stay in the property for the next 5-6 years, then you can go for this deal. Take care

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sara | Asked on 2011-11-04

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