Clint, Believe it or not, I am going to side with an agent on this question. Robert is 100% right. No one can answer your question with going over all of the details of your current loan (type, length you have had it), your goals (how long you plan to stay in the house, debt and equity goals) and running all the numbers. The answers are in black and white...you just need to find a mortgage professional who will provide the numbers to you so you can make a educated decision. I suggest you check out www.mortgagecoach.com and find a local mortgage professional in your area. Mortgage Coach has the best tools for educating consumers I have ever used. Best to you!