Should we refinance if we want to sell? We owe 102,000. at 5.75% interest rate 30 yr fixed.

It really depends on the timeline.. if you plan on selling in the next few months, then there is no benefit to you whatsoever in refinancing.. but if you are looking to sell in the next 2 to 3 years, then you should.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

it is a very personal decision...and one that may change based on your personal circumstance. If you do indeed decide to sell in less two years, the monthly savings you may have accumulated may only get you to a break even point with the closing costs incurred for the refinance. However, in the meantime you may regain a better financial stake in your home and you reap the short term benefits of a lower monthly note-freeing up funds to go towards other family goals (such as savings, life insurance, new baby, etc.) Good luck!