Refinance or pay off mortgage?

[RetiredWW]

I currently have a $260,000 mortgage at 6.75%. I was thinking about refinancing at 4.875%. But then again, I have sold some mutual funds lately and thought maybe I could use that money to just pay off the mortgage. By the way, I FIRE'd 4 years ago at 50. What would you do?

[REWahoo]

Quote:

Originally Posted by RetiredWW What would you do?

Toss a coin....

[Nords]

Welcome to the board, WW.

Quote:

Originally Posted by RetiredWW What would you do?

First I'd read the dozen or so representative threads which have already beaten this topic to death in a number of innovative ways:
http://www.early-retirement.org/foru...ney-30644.html

And then for the absolute latest on interest rates, I'd do a search for threads using the keyword "mortgage" within the last month or two.

[Texarkandy]

For me (with a 4.5% fixed and anticipating ER) the question is whether to:

Refinance Sell or pay off the mortgage

We were planning to sell & downsize with our home equity this year - but in the current real estate market, or should I say lack of a market (and the resultant loss of equity) ..... - I'm not so sure? We had approx 3/4 equity in our home - looks like might be 2/3 now.

(We had planned to relocate 180 miles away upon ER also.)