Covid Refinace Worth It?

[Ryan Sullivan]

Hi Everyone,

Recently I've been getting super low offers for refinance during this covid crisis for my primary residence. Which is a 1950 Cape Cod 4 bed 2 bath, single detached garage. 

This is my primary residence, I don't have any real estate investments yet. I currently have a 3.75% APR fixed rate VA. There's a conservative 30k of equity in the house. I plan to sell this house next spring, and house hack a quadplex. My house needs just a couple more small things to make it perfectly turn key, or else I'd sell it now.

My credit is in great shape, about a couple points below 800, with good history. My question is, do I refinance and take the credit inquiry hit, and reduce my monthly spending or leave it as is?

Thank you so much for any responses, 

Ryan Sullivan

[Andrew Wright]

@Ryan Sullivan I also agree with @Benjamin Seibert it'll be more of a pain in the long haul!