Quote:
Originally Posted by The Poet
The Fed has dropped interest rates 3 times in the past few months. Have you looked into refinancing your mortgage to get a lower rate?
|
Not really. I worry if I refinance to a 20, the amortization schedule may play against me.
I could look into it and see if it really makes sense. I am at an effective rate of 3.8750% currently on my mortgage.
Looking at a mortgage calc, I could do a 15 fixed and pay similar to what I pay now. Something to consider. I will stop by a bank and talk to them. Thanks!