We have been going around and around trying to decide if we should refinance the house. The rates have dropped significantly since we bought the house back in 2002. Back then we financed at a rate of 7% which was decent at that time. To make a very longggggg story short we have finally decided to refinance for 15 years at a rate of 4.75% and we are dropping 9 years off of our mortgage. We are also combining our home equity loan that we just took out to side the house and put on the addition into this loan so we only have one payment a month. That means that when Seth graduates from high school the house will be paid for and we will have more money to help him with college and then his sister 3 years later! We are very excited and feel that we made a smart decision!
I really need to take a spring picture of the house this snowy one is depressing!
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