this is not me so you don't get the wrong idea.
a friend of mine is talking about refinancing his home. he has only had the loan for 3 years. he thinks he maybe able to save $100 a month thats great.
but what has happen around here in the past 3 years is. the value of homes has drop. he left his job and only his wife is bring in a pay check.
the wife and I think he dreaming if this is going to fly.
I was like shocked when he said something the other day when he stop in. then that night he said it again in front of my wife.
i think good luck to him. but even when times are /were good my thought was three years. was not a long enough time to refinance a home in most cases and come out ahead in the long or short end.