I looked into refinancing my year-old 30 year/5.125% fixed loan a few weeks ago. The payback was in the 3.5 year range when all of the GFE items were taken into account, so I gave it a miss–we’re conserving ready cash given the employment environment.
Do you mind telling us who the lender was and what the approximate total was for ancillary fees? I might jump on it if the payback is short enough.
