Is it worth it to refinance in my situation?

Rates are low right now it depends how long you want to stay in the home. You may also want to look at lowering your term that will save even more over the life of the loan with a lower rate. Need some more information to see if it is in your best benefit. Please email me and we can set some time to discuss your situation over the phone.

Emily19,Do you want a 30 Year Fixed? I would need to know how much yu owe to really give you more information. You can do loans at no cost and still save some money.Ken Gunn714-374-3799

Which is your primary residence and what is the occupancy of the other. You should explore the refinance because with rates what they are, you could most likely do a no cost refi and save some money.

Emily, My honest opinion on refinacing is that I do not know if it is a good idea or not for you, or anyone, until the numbers are calculated and your goals are discussed. A great rate with high costs CAN be a good idea if the borrower is staying in the home forever and has a low fixed income. Conversely, a slightly higher rate with little or no costs can make sense for someone wanting to move in 12 months. I use software specifically designed to show a consumer a total analysis of their financing options...by cost, by equity growth, short term and long term. Fifteem minutes of you time is about all I need and I can email you the report..no pressure, no sales pitch. 619.7878.8212