It sounds like it might be beneficial for ya. It depends on a few things like points, how long you plan to live in the house, when you last financed, credit history, etc. If I remember right, I don't think it's recommended to refinance more than every 3 years otherwise it doesn't pay. But with the rates so low, I doubt something like this will come around again. I don't think it would hurt to talk to a banker or look into it more. I think there are financial calculators online (where I don't remember) that can help figure if it's worth refinancing. I think you would have to get info from the bank on terms of the loan before you can calculate.
"An ignorant man thinks he knows everything, a wise man knows he doesn't."
