We're only 2 years in on our mortgage 4.00% and are looking to refinance at 3.75% locked rate, no points. The property value has increased 100k (speculative until appraisal but also conservative based on neighborhood comps) We have an FHA and would be able to get out of the PMI ($300 or so a month, we will keep paying the same each month, so we can pay down the mortgage a bit quicker) crap we're currently paying. I'm no expert but this seems like a good idea. Any thoughts from the armchair pros on here?
Cheers, Belch
Cheers, Belch