Best of Luck!
The answer is, it depends. If you plan on being in the home for three years or longer chances are this is the right this for you to do. You need to calculate your break even on the refinance but even more importantly find a loan officer that can calculate your total cost and can compare what you're doing now with what a new loan will look like for you.
A total cost analysis takes into account the amortization shcedule of your current loan and compares it on equal terms with other loan options you may be considering (or should consider). You never know, what appears to be the best decision on the surface may actually look different when a thorough analysis is completed. Fortunately, with the right computer software it doesn't take much time to do the work. Look for a loan offiicer who works with the Mortgage Coach EDGE product.
The Marie Souza Team - Top Selling on Cape Cod
Cape Cod Real Estate Services