It’s my second refinance since I’ve owned my home. I went from 5.5% to 4.25% and now to 3.5%.

People ask why I keep refinancing. The answer is simple – because my break even point is always about 1-2 years and I intend on living in my home (or at least keeping it even if I move) for many more years than that.

I have to believe that when inflation kicks in (and it will) I will thank myself over and over again when the market rate reaches 8-9%.  That was the norm less than 20 years ago.  The question is: Am I better off contributing extra principal payments or keeping this all-time low loan while I work my money?

Nonetheless, I am glad to be in this position.

Have a question about refinancing? Call me to discuss.