Should you refinance if you are moving within a year

Are you keeping the property or selling?

More details would be needed, but in general, if the refinance is not costing you anything, and your loan balance is not going up, and you are saving money every month, then it would make sense to continue.. .. 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

If you are moving that soon generally there won't be enough time for you to benefit from the refinance, unless you plan to keep the property after you move.

In almost all circumstances, no. The cost of refinancing likely won't be recouped that quickly. If you are doing a no cost refi where your balance is NOT increasing AND your interest rate is lower, then it may be worth it. OR if you plan on retaining the home for a rental/second home, then it may also be worth looking into.

The short answer is no. You would never be able to recoup the costs of doing a refinance. I would save your money & apply to the new home you may be purchasing.

My first question is: What is your motivation? If you need savings, I can be of service, and I look forward to hearing from you.Nathan T. Kessler | Sr. Mortgage Loan Originator City First Mortgage Services8871 W Flamingo Rd Suite 202Las Vegas, NV 89147(C) 702.683.3126 | (F) 702.974.0848 | (O) 702-522-6743nathan.kessler@city1st.com www.city1stlasvegas.comCompany NMLS # 3117 | Branch NMLS # 819501Individual NMLS # 377217 NV #46175