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re: Is it too late to refi?

Posted on 9/3/13 at 11:13 pm to
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 9/3/13 at 11:13 pm to
We'll probably be in this house for 3-5 years. Guess ill just figure out what our BE is for refi-ing.
This post was edited on 9/3/13 at 11:14 pm
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 9/3/13 at 11:21 pm to
quote:

We'll probably be in this house for 3-5 years.


Might not be worth it then. But run the numbers anyway, maybe there's something there.
Posted by BestBanker
Member since Nov 2011
17494 posts
Posted on 9/4/13 at 7:49 am to
quote:

We'll probably be in this house for 3-5 years.


Not knowing your current payment, run an interest-only calculation. If worthy, let the capital appreciation of the property dictate your future mortgage moves (meaning sell at a gain, refinance if staying, etc.).
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