Quote:
Originally Posted by zx10guy
My vacation home is at that rate. Got it in 2012. So same situation.
My primary home is 3.75% and refi'd in 2012. This one is tougher. Don't know if it makes sense for me to refi even at the current low rates. I've been paying in for 8 years. For me to reset the clock and add in closing costs plus resetting the clock with front loaded interest, not sure if it makes sense.
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Similar position. Not close enough to want to do a 15 year but don't want to reset to a 30yr.
My loan guy signed me up to this site that sends me monthly emails tracking my home value, equity, rates, and other stuff. It has nice calculators built in to play with "what if"
Last time I looked it didn't make too much sense. However, locking in a 30yr at a near 1% lower while paying that same amount or a few bucks more to get it back to "23" years might be a good idea. Having the freedom to pay less when you want to go from base model car to top of the end model and need a few hundred extra :wink: YMMV - being in CA it's easy to quickly become house poor!