To sum up, my advice would be to stay put, primarily because of your prepayment penalties.
To sum up, my advice would be to stay put, primarily because of your prepayment penalties. This may look great on the surface, but I caution against making such a move for several reasons. If you can convince your lender to waive them, have an experienced loan officer carefully look at the numbers before deciding to jump into a refinance. Calhoun, broker-owner of Creekside Realty in San Jose, CA.