Found you guys through reddit's realestate forum

[Adam Conrad]

Own a condo in South Boston, looking to turn it into a rental when I move out and find my own single-family home. Just trying to learn as much as I can now before I start renting, picking up a few books (Millionaire Investors by Gary Keller and the sort) and just trying to read as much as I can.

One question I would love help on: 555/37. I've owned my property for 2 years at around 4.06% 30 yr fixed + PMI (tracks T-bills, a bit above 4.66%). Now I'm seeing rates as low as 3.46% fixed for 30 yrs, and given that my property has appreciated more than 20% in 2 years, I would imagine if I refinanced, I could effectively drop my PMI altogether, and because of the lower interest rate, pay less per month. The only problem is, I don't really know where to begin. Do I go email my old loan officer and ask for a refinance. Do I shop around online (which places are reputable?), or do I go with a local bank? I already know what my break-even would need to be, but obviously I need to know what the closing costs would be all over again, but I'm pretty sure if I'm dropping over 50 basis points, I can't imagine this would be a losing situation. Any ideas or suggestions?