We are 2 years into a 15yr on our home. We owe 120k, and house appraised for 160 when we refi'd in 2010. We've always thought we'd wait (save and mostly pay cash) to add on, but with BO reelected and rates so low, I'm thinking it might be time to act now before they start climbing back up in a couple of years. (assuming).
Thinking an addition should run us around 30k. Is this our best option?
Edit: Current loan is 3.75%, 15yr. Pretty sure rates are even lower now.
This post was edited on 11/19 at 11:51 am