Still struggling to get my mortgage refinance.. still doing paperwork but STILL very glad I am doing it
I will post more later.. VERY swamped with work and school. will share later
interesting quote I read just now..this is NOT my quote. This was in response to a retiree asking if they should go down to a 15 year mortgage
"With the stock market averaging 7% after inflation and deductible mortgage interest at 3.6% equivalent to 2% I would not consider putting a spare dollar into and early mortgage payment.
That 140,000 more for the 30 year mortgage isn't going to be worth even half of that in the dollars you will be paying in 30 years.
The longer you have the mortgage the cheaper it is to pay it off. 100,000 after taxes in a 401k is earning 7000/year. 100,000 in home equity is saving 3600/year. "
Very quick post-mortgage refinance