Refinance or no?
My husband and I have an ARM on our mortgage. We have been trying to sell our house for a while now, with no luck. His company is transferring us, and is paying for our rent on our new place, and will pay for utilities on our house now (we need to keep them on for showings, etc). We've not refinanced, as we're trying to sell. Unfortunately, in the meantime, our mortgage continues to rise - another $80 in January. I'm tempted to refinance NOW, just so that we can save on the ridiculous increase in our mortgage. Of course, this may not be worth it....
What do you guys think? To refinance, or just stick it out until it sells?
In the meantime, we're losing my income, making money tighter and tighter...
Any help would be appreciated.
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