Refinance ?

When should I refinance? If you plan on living in your home for the next ten years than you would probably be better off refinancing. Simple steps to figure out the breakeven point for a refinance. Step 1. Figure out the difference between the old and new monthly payment. Step 2. Figure out the relevant closing costs. Here's a good article on closing costs. http://abcnews.go.com/Business/ConsumerFinance/story?id=6498727&page=1 http://www.nytimes.com/2010/09/19/realestate/19mort.html