After months of nothing new with my finances (not that I'm complaining, mind you), I finally have news to report: I just refinanced my mortgage with Chase.
My current mortgage with Chase has 7.5 years left on a 15-year fixed, at 4.625%. They offered me a no fee refinance to a 10-year fixed at 3.875%! My monthly payment drops from $2005 to $1433. My concern was that I'd be adding 2.5 years on to the term, but there's no prepayment penalty, so I arranged to continue having the $2005 automatically withdrawn from checking each month, which will result in my paying the loan off 2 months sooner than I currently would, and save $4k in interest. Also, because the payments are automatically withdrawn, they give me a 1% bonus each year which they apply toward the principle, which is another $175 or so. Wahoo! I know it's not much, but I'll take it!
Not much on tap this weekend. I got paid today, so I have some bookkeeping to do. Weather is supposed to be crummy, so maybe we'll do some clean-up projects in the house...
Finally, something new to report!
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Every little helps!
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