Should I refinance? It seems like an easy question, doesn’t it? But I have read and heard so many different stories, rules of thumb, and methods to calculate whether or not one should refinance it is mind boggling. It is simple, forget all of the rules of thumb that you have heard.

Refinancing is all about asking yourself how much do you have to spend to refinance, and how much would you save. Figuring out what the recapture period is will help you decide if you should refinance or not. Read the rest of this entry »