We are currently trying to take advantage of the low interest rates. We refinanced our 30 year down to 4.875 about a year ago, but given the rates of the last few weeks decided to try to get a 15 year since the cost wouldn't be that much more than we are paying now.
The appraiser was here this morning so I'm hoping we'll get the number we need to get this done. It will cost us about $220 a month more than we are paying now but will save us 15 years and about a $100,000 in interest over the life of the loan.
I'm feeling really good about the financial decisions we have been making and our progress towards becoming debt free. We made some dumb mistakes but we are doing the right things to get us back where we need to be.
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