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Is streamline refinance worth it?

I am currently in an FHA with a 5% rate and have $172,000 remaining.  I refinanced to the 5% in March 2009.  My wife keeps talking about wanting to move in the next 5 years, but I'm not sure thats gonna happen.  Would it be worth it to do the streamline if I am going to move in under 5 years?
  • October 06 2012 - US
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Answers (1)

If your loan was endorsed before the cutoff date you will definitely save a bunch of money. You will get a lender credit paying all closing costs so no recapture time, start saving from payment 1. 
  • October 06 2012
  • 0Yes

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