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re: Advice on refinancing
Posted on 2/16/16 at 11:05 pm to lsu tigerdog
Posted on 2/16/16 at 11:05 pm to lsu tigerdog
I should have added that I likely won't be in this place for more than another 2-3 years. Does that mean that maybe I should not bother to spend the money on closing costs to do a refi?
3
Posted on 2/17/16 at 12:34 am to SG_Geaux
Winner winner.. If your monthly savings over the long run won't total your costs, why bother?
Posted on 2/17/16 at 6:15 am to SG_Geaux
well frick man, why bother? The 15 or 20 year loan will be substanially higher monthly despite a lower interest rate but well worth it in the long run. But you aint in this one for the long run....
Posted on 2/17/16 at 1:12 pm to SG_Geaux
quote:
I likely won't be in this place for more than another 2-3 years.
might wanna look into an ARM. at least you can get some extra equity into the house in that time period
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