isufan71 wrote:I got some cash out as I thought I needed it to help our mother-in-law move turns out may not be needed.
So at closing they gave me $132,000
isufan71 wrote:I fail to see how recasting is that helpful as I'm not really looking to lower my payments my idea if I choose that route would be to pay off the loan quicker (ie. make a large principal payment to reduce # of years to payoff)??
isufan71 wrote:I'm having a bit second thoughts [political comment removed by admin LadyGeek]. Perhaps I should be happy with a 2.75 rate and merely put it back in principal.
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bdpb wrote:isufan71 wrote:
Do you max out all available tax preferred accounts? If not, use it to fully fund them before taxable investing. Otherwise, just pay down the mortgage.