I Need Advice

Has anyone ever refinanced their house? I bought my house 14 yrs. ago at a 5% interest rate and I've never refinanced because I didn't think I could get any cheaper. Now I'm thinking about refinancing because I have excellent credit and might be able to get a cheaper interest rate. What do you think?

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SageWanderer · 70-79, M

It's worth looking into. I refinanced from 7.5% to 4.5 then paid the difference in additional principal. The first loan was for 30 years paid off house in 21.

OkieGemini · 61-69, F

@SageWanderer that's what I'm doing with the savings too