refinance

Jul. 8th, 2009 06:07 pm
sernin: (myhouse)
[personal profile] sernin
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?

Date: 2009-07-09 02:09 am (UTC)
From: [identity profile] sernin.livejournal.com
how much are your closing costs? roundabout?

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