Should I refinance my mortgage given my current financial situation?

I have 22 years left to pay on my mortgage of $167,000 with an interest rate of 5.25%. I'm 64-years-old and I have no other outstanding debts. My FICO score is currently 827. Is it worth it to refinance? Can I refinance the remaining 22 years instead of the entire 30-year mortgage?

Debt, Real Estate
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Actually...yes.  You should.  With good credit (and I'm assuming good income to support the mortgage payment) you can get a much lower interest rate and have the lender pay all your closing costs.  So, you could still lower your interest rate and either keep paying the same payment and therefore accelerate the mortgage (because rate would be less) or pay less and live larger...lol.  

Hope that helps.  Of course, as always, general advice and it's always more circumstantial.

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