Should I refi now or not worth it?

Rates are still low so I would contact someone on here that is licensed in TX.

On the Surface I would say no. I see two options here. In both cases you would incur the cost of a refi. 1) if you refinance into a shorter term like a 5/1 you may save money. If you break even you will merely extend the current rate and incur the cost of a refinance. It depends on what Index your ARM is based on. If LIBOR odds are that it will not move substantially. I would be happy to do a no credit check mortgage analysis for you to weigh the benefits. Feel free to contact our office and I would be delighted to assist you. Henry J Daniels, Sr Mortgage Banker and Certified Mortgage Professional

Yes,m get with a Lender411 loan officer to analyze your situation.

Simple, If you stay longer then 2 years then yes. If not then no

WHENEVER I discuss options for refinancing with a borrower I provide them with a detailed analysis of their options. This analysis compares their current mortgage with the options available based on a few scenarios tied to their estimate of how long the financing will remain in place. The breakeven point on any option is disclosed so the prospect can best determine what option they like best.

If you are planning on staying in your home long term, then you should definitely consider refinancing into a fixed rate while rates remain relatively low. You will get a rate that's higher that the 3.25% percent you currently have your ARM, but you will avoid having a rate that might be even higher when your ARM adjusts. If you are planning on selling your home before the ARM adjusts, then staying with the low interest ARM is the best move. Find a lender licensed in Texas that give you a quote for a fixed-rate loan.

There are many questions that go into "Should I Refinance?" But the answer is always the same. Factor in the savings divided by the costs. If you are going to be there long enough to pay the costs back and see savings, it is worth it. www.Streamline-Refinance-MN.com

Refinance NOW if there is any chance that you will be in the property past the 2 year period left.

All great answers! If you're going to be saving then why not!

You'll need to get with local lender to go over all of your options with you. Rates have jumped quite a bit in the past 24 hours therefore, you need to know what is available to you right now, and because you know you intend to move but do not know when, you will want to know the amortization schedule as well so that you know where you will stand at each annual interval, and what your break even point will be.

It's worth a phone to call to discuss your options. Call a local mortgage loan officer to discuss your situation.