Posted on: 22nd Sep, 2010 12:07 pm
Hi, I have 8 years left on my mortgage. Payment is 1192.00. Is it worth while to refiancne to a 30 with rates so low, and have extra cash in pocket to invest? I was thinking ~~ I owe 69 do I'd borrow 90..
You're the only one that can truly answer that? What type of investing are you doing? Where do you stand financially. How long do you plan on staying in your home? Can you maybe handle a shorter term loan and still take the cash out?