sernin: (myhouse)
sernin ([personal profile] sernin) wrote2009-07-08 06:07 pm
Entry tags:

refinance

I'm thinking about refinancing my house.

I've currently got 30 years at 5.375%.

My mortgage company can refinance it for 15 at 4.5%.

I think I'll be in my house at least 5 more years (because I can't afford the style and neighborhoods that I love).

I can afford the closing costs for refinancing.

The payment would increase 100/month over what I'm currently paying - which can be done with some attention to my budget.

Anything I haven't thought about?