I keep getting told that I should refinance my mortgage. While I know that works for some people, in my case, I think it just don't make any sense. I currently am down to owing $40K on my mortgage, which currently is due to be paid off in May 2018, at 4.5%. Now, why in the world would I refinance to a 10 year mortgage at a lower rate (which around here seems to be around 3.9%) and extend the length to 10 years, when I will have it paid off in 5 years leaving everything as is? And would I not have to shell out a few thousand bucks upfront for fees and processing, etc.? To me it just does not make sense to refinance in my situation. Am I right?