It's true. We can't refinance. Would I like to? Yes. But we can't. We can't because we would lose money.

We have lived here for a little over two years. The Army could move us anytime between now and 2 1/2 years from now. DH thinks the latter.

Our primary mortgage is at 6%. That is still a pretty good rate. In order to get the lowest rates possible, we would need to pay points. But paying points or any closing costs is a couple thousand dollars. We would only save about $100 a month. It would take awhile to recover the costs associated with refinancing.

We just can't refinance. So, we will continue our home equity payoff. That loan is at a crazy 7.25% rate! Ugh. Once that is paid off we will have increased the equity we have to put towards the next house.

What do some of you other military families do? Rent, or buy? Fixed rate or adjustable?