I've an existing 30-year fixed mortgage of $160K at 4.25%. I've the original principle paid down to about 55K over 8 years. I plan to keep it as a rental, but I'm unsure if a refi makes sense. I've heard "it doesn't make sense to refinance unless I can get get at least a 3-3.25%" but wanted to pose the question to the group. Is it worth the hassle, closing costs, etc to refinance? Any input helps & thanks in advance.
Submitted January 16, 2017 at 11:42PM by kploy http://ift.tt/2iGrFGM
