We have a 30 year fixed loan on our home, with not much equity in it. We have been offered a 15 year fixed rate at 4.5%. The confusion is that we really don't think we will be living in this home in the next few years. Do you think we should refinance? DR in Penna.
No unless you are thinking about becoming landlords and making a little extra money that could help pay for the second mortage.Before you do all of that find out how much your home is worth.And then compare with the rest of the homes in your area
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