Best Answer by Gem

Emma without knowing the following, there is no way any of us can give you a realistic answer: 1. current interest rate 2. prepayment penalites, if any 3. how long ago was the mortgage originated and did you pay points 4. current costs for re-fi: appraisal fee, loan document fee, credit report fee, points etc. 5. balance you are trying to re-fi You have not given us near the info needed to give you a good answer ... See all 4 answers