I got my papers in the mail. I refinanced for a lower rate too(land mortgage). It will save us $1700 a year. Its crazy what that little one percent difference does.
I locked in for 5 years. I think the rates will go up in that time. I will be scared for the next refinance in 5 years when it will probably go up. I can't worry about that though. A lot can change in 5 years. Its this next 5 years when we do a house when this will be so helpful. That mortgage will be a good rate I hope. Less expenses all around will be great.
Lila will probably be in grade one with little to no day care fees by then so things will be different for our family. Hopefully my job will change a lot for the better, being full time for more money as I put in the hours.
Other things could happen too of course but those are just a few things I had thought of.
Anyway, no complaints over here! And I am happy for others that have completed their refinance or those that are still trying. It is so worth it.