Should I refinance?
I have already refinanced my home once (FHA loan) but I was wondering if it would be convenient for me to refinance again. I have not been following the latest developments in the "home mortgage world" and I could truly use some good advice. Below is a summary of my situation:
Remaining Term: 333 mo (on a 30 yr loan)
Principal Balance: $541000
Interest Rate: 4.375%
Home value: approximately 490K
Thanks in advance for your opinions.