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.
Politics and Religion
In order to avoid the inevitable frictions that arise from these topics, political or religious posts and comments are prohibited. The only exceptions to this rule are:
- Common religious expressions such as sending your prayers to an ailing member.
- Usage of factual and non-derogatory political labels when necessary to the discussion at hand.
- Discussions about enacted laws or regulations that affect the individual investor. Note that discussions of proposed laws or regulations are prohibited.
- Proposed regulations that are directly related to investing may be discussed if and when they are published for public comments.
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.
Users browsing this forum: Bing [Bot], Google [Bot], Workinghard and 19 guests