re: Home Refinance - $7700 closing costs

Before you do anything, ask yourself how long you will be in the house before you plan to upgrade or posibly move(relocate)? Figure out what the costs are and then divide the costs by the number of months that you think you'll be staying there. If it's less than the difference between what you pay now and what you'll pay later... go ahead and pull the trigger, If not, then don't do it.