Should I refinance my morgage?

  • Thread starter Thread starter fractalarmor
  • Start date Start date
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fractalarmor

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Does it make sense to refi to a lower rate (going from 6.5 to 5.75%) if the value of my house has dropped and I'd have to make up the difference in cash to reach the 80% LTV ratio or take out PMI? I plan on staying here for at least 10 years.
 
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