Hi Rob,
If you plan to stay in the property for a longer period of time, then it is a good option to refinance the mortgage and get the interest rate lowered. You need to check out whether or not the lender will charge you closing costs. If the lender charges you closing costs, then you should check out whether or not you will be able to afford it.
If you plan to stay in the property for a longer period of time, then it is a good option to refinance the mortgage and get the interest rate lowered. You need to check out whether or not the lender will charge you closing costs. If the lender charges you closing costs, then you should check out whether or not you will be able to afford it.
"Worth it" depends on all the numbers. The only number we know is 5%.
Get a quote from a lender, compare the cost vs the savings and see if the math works.
The larger your mortgage, the more likely it will be worth it.
No way anyone here can answer the question based on the info given.
Get a quote from a lender, compare the cost vs the savings and see if the math works.
The larger your mortgage, the more likely it will be worth it.
No way anyone here can answer the question based on the info given.