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Call your lender and ask. A lot of mortgage lenders are really big on getting existing customers to refi and they will usually waive a lot of the closing costs
Coach
Your mortgage balance one year into a 30 year is $100k? Or you’re going to take on two mortgages and just refi part of it?
I’d check your loan terms. Usually prepayment has penalties in first couple years.
Coach
Gotcha. I’d recommend taking a look at loan origination / closing costs, net of your reduced interest expense.
For such a low value loan, closing costs may offset whatever savings you generate.