I just signed papers to refinance the other day. Locked at 2.875% for 15 years. It took 15 years off my old loan and cost $20 less per month. Lots of dollars involved in closing though with all the paper work and escrow stuff but I will recover that in one year on interest alone. I remember getting a home loan for 10.5% 20 years ago.
Haven't decided yet, still a few years out but I'm learning everything I can right now. I'd really like to buy an established business though. In an ideal world I'd love to buy a small liquor store if I can find the right place in the right location.
We haven't refinanced, but were looking at the possibility of moving. It would be a major step down in house, but huge upgrade in land. 9 acres of woods and 32 acres of farmland. It butts up to my brothers 25 acres and he has another 6 acres of farmland that would join ours. I'm getting into some vegetable farming for our grocery stores, so it would be a perfect place to move to.
Not refinancing, but my fiance and I are currently getting our first home loan right now and next week we are locking in at 3.75%. For our first home I'll take it!
