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re: Refi question

Posted on 7/6/14 at 12:49 pm to
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 7/6/14 at 12:49 pm to
quote:

So if you cash out and neg am yourself are you going to make the mistake of getting back into a 30yr fix?


If the rate is low enough that is exactly the right thing to do. You don't want to pay a higher monthly note to reduce your after-tax rate below the rate of inflation.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
75257 posts
Posted on 7/7/14 at 12:16 am to
quote:


If the rate is low enough that is exactly the right thing to do. You don't want to pay a higher monthly note to reduce your after-tax rate below the rate of inflation.



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