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!


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