[quote=harvey]Did all the refinancing really pay off? Typically a refi takes a few years before the interest savings is break-even with the costs. Seems unlikely that one would come out ahead with several refinances….[/quote]
When getting a no cost loan and refinancing to a lower rate it, you start to save interest and benefit from day one; the day your new loan funds.
There is no future ‘break even’ period, you just need to understand the options when refinancing.
