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Greg and others,

It was interesting to read this thread of comments 'cause I to am looking to refinance a 30 yr 8.375% mortgage that is less than 7 months old! These rates are to good to pass up. I think Rick may be onto something with his point. Basically, can you make more money with your extra cash than your current 8% loan? Would you be better off refinancing for 30 yrs at a rate lower than your present loan but higher than a 15 yr and investing the cash? Last thought, don't forget to check the rates on a 7 year balloon mortgage. It could be a perfect option for you since you stated you would probably sell in 5 -7 yrs. Best of Luck!

Chilly salutations from Minnesota... AJE
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