Refinance...

I kept hearing how the interests were dropping and I was debating whether or not we should refinance. We bought the house at the end of May so we have only owned this house for 5 months. When I weighed out all the pros and cons of doing it and talked to Jeff we decided we were going to go for it. When I called to get the ball rolling on the refi we got an interest rate that is one whole percent lower than we had 5 months ago. Which is AWESOME. We are going to be essentially starting over but will have only lost 5 months in this house. When talking to my friend and mortgage broker the rule of thumb is if you can recoup your closing cost within 4 years then it is worth to refi especially if you plan on staying in your house for the long haul which is what we plan. We will recoup our closing cost in about 2 years! All the money responsibilities have always fallen to me. I am the one without the outside of the home job and I do all the shopping for the house and pays the bills. I actually enjoy dealing with the household finances, I always have. It works great for us because Jeff dislikes dealing with bills and making sure there is enough money to pay for things. The only funny part of the whole interaction with the refi is that I was the one on the phone talking to the bankers and mortgage brokers but in the end I sign nothing because I don't make any money so the loan isn't in my name but in Jeff's. It's a good thing that he trusts me :)