How do I know if I should refinance my mortgage?

by haytham fox

Question by tobvenetian: How do I know if I should refinance my mortgage?
I owe about $ 130,000 on a 30-year mortgage that I took out in 2002. It has a fixed interest rate of 5.85 percent.

Best answer:

Answer by golferwhoworks
if you can get in the low 4% range on a 15 then the payments should be about the same. That is what I would do. Or I would just send more monthly to cut some years

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