~$400K town house (at current market)
~$115K unpaid balance with 10-yr ARM at rate 5.00% (at 5th year of ARM)
house hold income ~$200K (before tax)
1. Is it worth refinance?
2. if we want to buy a house and keep this one, how will that affect the decision?
Many of my friends have similar situation. Thanks for sharing your insigts