Question by HadTheSurgery: How many years do you have to pay on a mortgage before you can refinance?
We have a fixed rate FHA mortgage. How many years do we need to pay into it before refinancing will help lower our monthly bill?
Answer by Paul D
Need to know your balance, current interest rate, remaining term (number of payments, if the payments are monthly), and current payment, not including escrow payments.
Also, estimated sale price for your home.
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