Hi, I've lived in a townhouse for 6 years and our current mortgage interest rate is 4.12% in CA. My real estate agent called to say the mortgage 30-yr fixed interest rate is 3.27% He said if we refinance for 24 yrs, we would save about $40 each month, and $40,00 over the next 3 yrs.
Since we re-financed 2 yrs ago, is it a good idea to re-fiance and go through the hassle of doing all the loan paperwork again?
Thank You so much