I refinanced my home in December 2019 to lower my interest rate, remove mortgage insurance and at the same time take some cash from equity to payoff higher interest loans. Now I’m asked if I want to refinance again because of lower interest rate.
Current loan I owe 463k at 3.25% for 29y 4mos. To refinance all costs would be financed and it would be 471k at 2.85% for 30 yrs. this saves me about $100/month.
My question is: is this worth pursuing if my plan is to sell the house in 10 years?
Submitted July 10, 2020 at 08:11PM by fishballz https://ift.tt/3gQnOSX
