Sign up, and you'll be able to customize your font size and more! Sign up
Apr 14, 2021
brazilcoug All-American
Refinance question.
I know there are a lot of factors and I’m probably not giving them all. But when does it really make sense to refinance from a 30-year to a 15 or 20?

My monthly mortgage payment is currently about 16% of my total income. Refinancing to a 15-year would up that to about 21%.

I have no debt, 800+ credit score, and a lot in savings. It’s very tempting.

Or do I just take that extra ~$500 and invest it elsewhere?

I know there are a lot of different ways to view a situation like this but I’m very interested in the idea of paying my house off twice as fast.
Previous username
Bio page
Jul 27, 2004
Last login
May 15, 2021
Total posts
17,594 (209 FO)
Apr 14, 9:57am

Posting on CougarBoard

In order to post, you will need to either sign up or log in.