That might explain the increase in ROBO calls to refi. In 5 yrs we will have this house paid for at 3.2% fixed rate. They can’t beat it and the refi fees are to high. We’d lose more than gain. If we dipped into savings more, it would be 3 yrs, not worth it. We plow any extra money into increased house payments as is.
At 77 hubby is not going to refi when it would cost more to do so.
It would be very unwise to re-fi at this point. One reason they’re pushing it is that, in addition to the fees the bank collects, they often persuade people to borrow more at the same time.