11-14-2012, 05:10 PM
do NOT add the closing cost to the new loan, i.d. do not increase your principal. if rates drop again and yu want to refinance again, you now have higher principal to pay.
as said, accept a slightly higher interest and they shold give you some credit to cover the closing cost.
the above is general advice, but in cases like these it's very unlikely the interest will go much lower, so this is probably the last refi you will do.
as said, accept a slightly higher interest and they shold give you some credit to cover the closing cost.
the above is general advice, but in cases like these it's very unlikely the interest will go much lower, so this is probably the last refi you will do.