We were quoted 3% on a 15yr investment prop just last week.

you can probably get 2.75 - 2.99 right now.

Yes, definately refi, we did it end of last year. We did a 15 year, but could have done a 10. I think most will let you do less, the rate just might not be different for 10 vs 15.

Rates for investors are usually only about a quarter point higher than for owner-occupants, so OP can do a lot better than 4.65%.

06:48 she said a 10 year mortgage, not 15.

My first "yes" meant to indicate that yes, there are 10-year mortgages, so OP should not have to start over with another 15-year. Definitely talk to someone about possibilities.

You really need to talk to a mortgage broker and have them run a spreadsheet for you to see if a re-fi will actually save you money in the long run. We own a rental, and rates on rentals are higher than on primary residences. You're probably looking at a rate of 3.75%, vs the 3.35% that everyone else is getting on primary residential purchases.

The real question is, if you have a loan at 3.75%, how much interest will you pay at the end of 15yrs vs paying 4.65% for the next 10yrs. adding 5 yrs to a loan is a lot of interest.

Yes and yes.

We have a rental property and I am wondering if we should consider a refi. We have about 10 years left on a 15 yr mortgage. I guess the first question is, can we even get a 10 year fixed mortgage? We aren't interested in lengthening the term of the mortgage.

If so, we have about $110k left at a 4.65% rate -- is it worth it to refi?