Updated over 11 years ago on . Most recent reply
Refinance or not?
Have a question here. I have 2 loans, each are 30 years fixed @ 6%, with 25 years remaining. I can keep paying on them or refinance to 30yrs @ 4.875% loans and save total of $280 monthly after refinance. New closing costs for both loans would be around $7500, which I'd have to pay out of pocket. What would you do? Thanks.