Money Saving Tip #221: Re-Finance?

My husband and I have been living in our home for a couple of years.  Like most new mortgages, we opted for a 30-year fixed rate mortgage.  With the new low interest rates, we decided to look into our refinance options.  After we settled on a lender, we qualified and acquired a new mortgage for our home.  Our new mortgage is a 20-year fixed rate mortgage.  And, our monthly payments only went up $17.  We get to have our house 10 years earlier for practically the same price.