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Thank god you tagged five different random firms.

funnylikehelpful

I refinanced maybe 6 months after getting my original mortgage. It was very cheap to refinance and the drop in rate was worth it. According to me, it’s never too early. Just make sure to do cost benefit analysis.

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Not sure why you’re tagging everyone but 6 months in is fine. However the rates these days are so minimal I’d probably focus your energy elsewhere.

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I refinanced a year into the mortgage. From 3.25% to 2.65%, 4k fees. I would say run the numbers. I don’t think you will get a lower rate than where they were in May though.

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OP- Serious question. What exactly is the purpose of you tagging firms?

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Twofold: 1. Better chance at getting numerous responses 2. Trying to grow the bowl I started 🙂

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There is such term as “serial refinancers”

Six months

If you’re refi’ing in Illinois or Florida - have a phenomenal mortgage broker I can refer you too

Check if the savings you will have with lower and extra installments offset the closing costs.

Check the closing costs. If it ain’t much, then go ahead.

If the market value has increased enough to get rid of PMI that makes sense. Otherwise run the numbers for value analysis and payback time

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likefunny

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