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?
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.