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Mortgage Community Forums | Forums: Learn from other's experiences | Is it worth it to refinance if only live in the home 3 years

Is it worth it to refinance if only live in the home 3 years

Posted on: 13th Feb, 2009 09:31 am
we're a military family. purchased a new home %177,000 at 6.5%. was offered a va streamline plan to refinance at 5%. we don't really know how long we will be in the home. current orders have us leaving in about 3 years. is it worth it to change?
well, if you are not going into a pre pay clause, new terms, and more closing fee, then 1.5% is a sizable difference for you.
kingno1
Posted on: 13th Feb, 2009 10:41 am
with a streamline, you will definitely benefit. why not? your costs ought to be low.
gmakerley
Posted on: 13th Feb, 2009 11:06 am
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