Why not keep the loan you have pay 13 payments instead of 12 a year and be done with it in about 6 years?
WE have a winner here. Good thought. AND this guy can afford to wait. If it goes to 4% then do it. Who knows. But also realize that property values are dropping. Actually I would go back to the lending institution and see if you can bargan with them. Closing costs should be less. And don’t let them B.S you with fees. Banks NEED good borrowers. And you have a track record. You have a good loan so threaten them to take it else where if they do not bargin. Move up the food chain till you fine someone who can talk and chew gum. Look for a V.P.