[octavio357]

...be moving in 5 years.? I would get to lower my monthly payment by $400 and would be able to use it to pay off my credit card and car loan at 30 year@ 4.67% refinance or at 15 year@4.25% but I am thinking that I would pay down more of my loan with the 15 year loan. Any suggestions on what I should do or what you would do?the 15yr refi would only lower my payment $100. I currently owe $121,000I do have excellent credit. Never been late and currently I am 2 months ahead on my mortgage.

[Zarg222]

are you sure you would get approved for those rates - only people with top scores get the lowest ratesa 15 yr mortg is not going to reduce your monthly payment by $400 - it will be higher than a 30 yr mtg - by at least $100-200 a month