On Mon, 17 Aug 2015 13:14:14 -0400, Justan Olphat
wrote:

On 8/17/2015 1:53 PM, wrote:
On Mon, 17 Aug 2015 09:35:06 -0400, Justan Olphat
wrote:

http://savinghomeownerstips.com/home4/

Just be sure you are not getting clipped by fees.
I did a refi on my condo years ago and went the other way. Instead of
making lower payments or taking out cash, I went up on my payments and
reduced the number of them a lot.
I ended up paying it off in about 9 years. Just make sure there is no
penalty for early payments and throw your left over lunch money at the
principal.

We did the same years ago without refinancing. Just double up on the
payments if you can afford it.

You still might want to exploit lower interest rates. I had a Carter
era mortgage and I wanted out of that abusive rate.
There may not be as much swing these days but a few points might be
worth doing. That usually happened to folks with ARMs who could not
sell their house before it kicked up. You might really have some money
to save.