We’ve Decided to Refinance

by Dual Income No Kids on June 10, 2006 · 0 comments

After watching our monthly payments on our mortgage slowly increase Miel and I have just about had enough of it. We’ve decide to refinance the debt on our apartment to change from an adjustable interest rate to a fixed interest rate.

We’ve figured that every 1/4 point increase costs us about $50.00 a month. Given that Ben Bernake is focused on combating inflation through interest rate increases, we think that the chances are good for our mortgage to increase by a lot in the near future.

However, since we are both busy getting married, we’ve decided to revisit this when we get back after our Honeymoon! Stay tuned for further details!

Miel&James

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