[goldstategop]

They didn't even make a down payment on the house? A down payment of 20% eliminates mortgage insurance and lowers the overall monthly payment. Right now its 6% on a fixed rate mortgage as long as the rate is there, pay that amount. If it drops two or three percentage points, then refinance it to lock in the lower interest and enjoy lower payments.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." -Manuel II Paleologus

[stylin19a]

their refinance leaves them with 34k in equity- approx 11%.

I love stories with a happy ending.