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Reply to "Is there any reason NOT to refinance?"
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[quote=Anonymous][quote=Anonymous]OP back... Mortgage balance is $510 K Will stay in house at least 2 years, probably more like 4-5 years[/quote] I think that's a good reason to do the "no cost" refi-- you don't have to worry about what your "payback period" is for the upfront closing costs (instead of a lump sum, you'll pay maybe $20 a month extra in interest, but that will be dwarfed by the hundreds of interest a month you'll be saving, if that makes sense).[/quote]
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