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Reply to "Is there any reason NOT to refinance?"
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[quote=Anonymous][quote=Anonymous]Depends on how long you are planning to stay put. You will need some time to recoup your closing costs for a refi. Also, it resets your mortgage to another 30 or 15 years or whatever your refi is for. [/quote] Actually that's not true. We have refinanced several times and have set the payment period each time to stay on track for 30 years. So if we'd been paying for 5 years we refi-Ed for 25. Except the last time we did a 15 year because the rate was lower and we plan to stay in the house that long. [/quote]
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