After deciding to look at a refi calculator on bankrate.com it turns out at today's interest rates, and even if I go a bit higher, I can save between $100 and $300 a month, depending on if I go 15 or 30 years on my home. My current rate (obtained in Dec of 2000) is 7.875%, Bankrate.com is showing approximately 5.66%, I rounded high at an even 6% to see the savings that would be shown above. Here is the issue though, my credit is crap as my wife and I just completed a joint bankruptcy, due to her not working for a very long time, and me being laid off 2 times since June of 2001. I now have a much better paying job than ever, and she started a fulltime job in Nov so we now have a decent income again. Refinancing would be even better as it would be more $$$ in our pockets. Should I wait a bit for my credit to build back up with a single card that we pay off each month with grocery and gas expenses or should we at least see if there are any options. This week alone I have gotten 4 letters from different dealerships all wanting me to buy a car. (getting kind of annoying there lol).