What's better: refi or expedited payments on existing note?I have 8 yrs. left on a 15-yr. mortgage @ 4.875%, and can make at least one extra principal payment per year. In terms of out-of-pocket costs, am I better off doing this or refinancing at a lower rate? (Perfect credit, so would qualify for a good refi rate.) Primary goal is to pay off mortgage in the remaining 8 years or less.December 02 2010 - Chicago0YesReport 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.