Is it Worth Refinancing my MortgageWorth refinancing my mortgage?
Rewarding refinancing of the mortgage after one year?
Wellsfargo ( to whom ours were sells ) is promoting 3.8ish. And I think the refinancing cost will damage us in the long and long run, which should make a big deal of difference, don't you? Essentially, it's about how high the closure cost for the Re-fi is. Think for 0. 25% you're looking at a fairly long amount of breakeven on the cost of refinancing.
This, of course, assumes that the 3. 8 is not some sort ofthe tea or first-time homebuyer installment. "We actually did sign the refinancing one year after our first transaction. From 4. 875% we fell to 4. 5% without closure charges (a few different charges that went into the new account, but