Despite the great difference in interest rates that I am paying, having signed on my mortgage over 11 years ago, and the interest rates being offered today, the broker still told me not to do it. He said they will probably charge me such high fines that the difference will probably not be so great and savings will be minimal - not enough to make it worth going through the hassle of refinancing.
What got my goat is that he didn't even try. He simply said not to bother.
Perhaps he is the expert and just hearing the initial numbers was enough for him to understand the whole situation and offer his opinion. It just looked like he discounted it too fast and dint really consider it seriously.
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