04-03-2009, 03:29 PM
I just refinanaced two weeks ago and went from a 20 years left to go on a 30 year mortgage a flat 10 year mortgage. The fees/closing costs were about $2,600 total, but I'll make that back in lower interest in about 6 months. Not a bad deal at all. My monthly payment is no more than I was paying before. I went down 2.1875 points. Kinda nice to take advantage of low interest rates caused by the dunekopfs who got in over their heads and went with adjustable mortages and now face the wrath.
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