Posted on: 13th Sep, 2010 05:39 pm
we currently have an 15 yr mortgage @ 4.75% with 13 years left. we owe 126,000. should we refinance @ 4.00%
with closing costs @ $350.oo. we plan to live here for 20 years.
with closing costs @ $350.oo. we plan to live here for 20 years.
Hi grandolph!
Welcome to forums!
As you're planning to stay in the property for the next 20 years, it will be a good option to refinance the loan provided you can afford to pay the closing costs. As you'll be staying in the property for a long period of time, you'll be able to offset the closing costs.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
As you're planning to stay in the property for the next 20 years, it will be a good option to refinance the loan provided you can afford to pay the closing costs. As you'll be staying in the property for a long period of time, you'll be able to offset the closing costs.
Feel free to ask if you've further queries.
Sussane