Should I refinance my mortgage interest rate?

Question by Springstorm: Should I refinance my mortgage interest rate?
Should I refinance my interest rate on my home mortgage? I have been in my home for 9 years and an employee from Chase finance (Chase is my current lender) said for me not to refinance since I have paid off a good portion of the interest. Is this true? Should I refinance? My Chase mortgage interest rate is 6.5 fixed.

Best answer:

Answer by someone
Unless you get a rate of 4.5% don’t bother. Closing costs will eat up the small monthly savings

What do you think? Answer below!

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