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Updated over 5 years ago,

Chris Redford's profile image
Chris Redford's profile image
Chris Redford
  • Rental Property Investor
  • Member since Jan 19, 2019
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User Stats

17
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6
Votes
Chris Redford's profile image
Chris Redford's profile image
Chris Redford
  • Rental Property Investor
  • Member since Jan 19, 2019
Connect
Chris Redford
  • Rental Property Investor
6
Votes |
17
Posts
Starting Out

Is refinancing worth it?!

Chris Redford
  • Rental Property Investor
Posted

I currently own a duplex that I live in. My insurance interest rate currently is 3.5%, but I have PMI. After work with two different agints, one could save me around 200 a month on my mortgage because I would drop the pmi. However, my new rate would be 4.25%. Though I will be paying less each month, is it worth it in the long run to have a higher rate?

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