We bought the house a year ago and the APR is currently 6.75 (30 year, fixed). We owe around $172000 (not counting the home equity line, 21K). I was just looking at Quicken loans and saw tone of ways to save money using their calculator. Stuff like "Smart Choice 5-year" and ARMs. Should I bite?
We won't be in the house more than 5 years from now.
The house is worth about $220k and there shouldn't be a problem reselling. It's in a good, new area.
Orignal From: Should I refinance my house in this situation?
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