Ralph Melton (ralphmelton) wrote,
Ralph Melton
ralphmelton

Refinance

I'm not convinced that it really helps the the economy for me to be able to refinance at such low rates. In fact, I have a sneaking suspicion that the very reason I can get such low rates is that I can comfortably afford my current loan.

However, I don't see evidence that it hurts the economy any for me to refinance. So I'm refinancing. I'm paying about the same monthly, but trimming seven or eight years off of the lifetime of the loan. And feeling a little sheepish about the whole thing.
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