Hello - I have a 3.25% FHA loan, originated in 2012 with a current balance of ~$470K and I am trying to determine if it is worth to do a cash-out refinance. From my calculations, I think the MIP will drop in Aug 2020. Based on current interest rates (credit score 710), do you advice refinancing? I was looking to eliminate credit card of $50K with a cash-out refinance. Thank you
