Reply to thread

Message: [QUOTE="UConn_Top_Dog, post: 3629100, member: 2285"] Keep in mind how long you are planning on staying in your home. Treat it like any other long term investment. If you are planning on possibly moving in 5 or so years I would say the costs of refinancing is not worth saving in interest. If you plan on keeping this home through the entire life of the loan then it is worth it. You should also compare the total amount you would spend until maturity if you kept the current rate and made 13 payments per year instead of 12. Sometimes making one extra payment per year would yield more savings overall than a reduced rate. Putting my UConn Real Estate and Urban Economics degree to use on the BY, wouldn’t expect that. [/QUOTE]