Refinance 30 year (5.875) to a 15 year (4.375) with 2 pts

[Brian Lee]

Hi Everyone,

I have an investment property generating 1.7k per month at a 2.5 rate which I plan to keep forever. However, my personal residence has a 30 year 5.875 fixed rate. Im debating if its a good idea to refinance to a 15 year 4.375 fixed rate paying 2 points. it looks like a win win in most scenerios because of the rate savings and shorter term. Any thoughts?