re: Another question regarding paying down your mortgage...

quote:

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Id refi. The grand u pay extra a year would help a lot in a 15 year refi., the bigger note but saving a ton on interest.

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Definitely refi, but you aren't saving anything on 15 vs. 30.

If you have the cash to pay off the higher monthly payment that a 15 year requires consider that your ROI on the difference is ... about 1.5%. And that doesn't even account for inflation. That is incredibly poor.