Posted on: 13th Sep, 2010 03:52 pm
i am 8 years into a 30year at 5.375% with a balance of 94,000. would it be more economical to refinance at 4.625% for 20 years or to pay extra $50-100 a month on the principal?
How is your credit? You might be able to do better than that. I would do some more searching. If you know your credit score, don't have it pulled again and call a couple more lenders. Rates are excellent right now.