Should I refinance to get a lower payment?

Question by lilly101200: Should I refinance to get a lower payment?
I have a mortgage of $ 170,000 at 5.9% interest and was going to pay it down by $ 20,000 but am wondering if it would be better to refinance now or wait until the rate goes down even further.

Best answer:

Answer by golferwhoworks
pay it down and yes then refi or you can wait it out either way

What do you think? Answer below!

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