Is it best to refinance with your current lender [minimal fees] with .125% higher rate or elsewhere?I have a 6.25% 10 yr interest only converting to fixed in 8 years at same rate for 30 year total amortization. To refinance elsewhere, closing costs would be anywhere between $7K to $10K including taxes&all prepaid. My lender is offering refinance at .125% higher for only the notary fee being paid. Catch is, I can not roll in $10K I have in improvement credit card taken out with 0% interest for 1 year. I have 11 months remaining on that. I need to lower my payment which a refi will do but I also want to get that $10K taken care of either by selling the home within this next year or rolling it in. I understand I am not acruing any equity with the interest only but I still need to be "divorced" from the house... if you catch my drift!January 29 2009 - Alexandria0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.