Get all the details and compare carefully before making a decision.
FYI - I am in the RE profession, so we get this ? a lot. As stated by the lending professionals we deal closely with - it is generally not beneficial until the rate drops two (or more) points below what you are currently financed out - to average the difference of costs of 're-fi' into the equation - and to make it worthwhile for you. FYI - as an aside - we are in a similar situation - lived here 3 years, financed @ 6.725 - You don't have a bad rate, and it'll be hard to refinance low enough to make it worth your while. Maybe you wish to consider prepayments on your principal - which will significantly decrease the amount of interest paid on your loan. You can do a search for a mortgage amoritization calculator, (there are many available online) - and this will allow you to see your interest savings in details, varied by the xtra principal you choose to pay.
Hope this helps!
Looking for Kahrs Sucupira Stockholm Engineered Wood...
concrete slab home, leak where wall meets foundation
- 15 Old House Features We Shouldn't Abandon
- 13 Lazy Cleaning Tricks for a Spotless Home
- Laundry Room Ideas to Knock Your Socks Off
- Insanely Easy 60-Minute Home Improvements
- 12 Sheds You Could Live (or Work) In
- Assembly Required: 15 DIY Kit Homes
- 7 House Sounds You Never Want to Ignore
- 10 Surprisingly Simple Woodworking Projects
- Worth It: 8 Renovations That Pay You Back
- Organize Your Life with 12 Dollar-Store Buys
- 9 Totally Amazing Mobile Home Makeovers
- Don't Make These 7 Mistakes in Small Spaces
- 16 Sneaky Storage Ideas
- 15 Totally Unexpected DIY Flooring Alternatives
- 7 Easy Budget-Friendly Backyard Makeovers
- 10 Closet Cures That Cost Less Than $100
- 11 Easy DIY Projects to Declutter Your Home
- 10 "Zero Dollar" Garden Hacks
- 10 Killproof Plants for a No-Effort Landscape
- 9 Insanely Easy 1-Hour Backyard Projects