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Reply to "Explain to me the what the benefits are to REFI - I am just not getting it."
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[quote=Anonymous]Agree with PP! Refi and if you continue with your current payment (or even less) when you move in 6 years your principal will be quite a bit less. If you know you will be gone in 6 years (definitely0 I would do a 7 year ARM and continue your current payements. Not knowing your principal I can assure you it will still save you money or have your pricipal be so much lower when you sell. You really need to use a mortgage calculator to run different scenarios. [/quote]
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