Quote:
Originally Posted by ivinsfan
Maybe you want to edit your thread title..you are saying refi lengthen your mortgage time and lower your house payments Or what are you saying?
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That's is about it: My current dividends bring me to under the 400% FPL for a family of 2 and I can retire with that number without house payments.
To meet the house payments I will need to sell assets and I will be closer to 550% FPL.
I would loose about 10k of subsidies in addition to the 20k mortgage payments. If you look at the assets required to generate the 10k it looks like I would be better off paying off or at least refinancing.
BTW this is using the new California subsidy, it is even more true with the Federal cliff.