Quote:
Originally Posted by The_Jazz
By the way, you want to refinance to get a better rate, not necessarily add your wife.
|
If you do refinance, don't just look at the rate, look at the duration of the loan. When we were 6 years into our mortgage, we refinanced. The monthly payment remained about the same, but we switched from a 30 year to a 15 year. That shaved 9 years off the loan length, which will end a couple of years before our son is ready for college.