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?
Refinance or pay off mortgage?
- Thread starter RetiredWW
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REWahoo
Give me a museum and I'll fill it. (Picasso) Give
Toss a coin....
Welcome to the board, WW.
http://www.early-retirement.org/for...f-the-mortgage-or-invest-the-money-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.
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/for...f-the-mortgage-or-invest-the-money-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
Thinks s/he gets paid by the post
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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.)
[-]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.)
