[quote=svelte][quote=Coronita]except he doesn’t sound like he really needs the money now, and he could shoot himself in the foot of he needs access to more money beyond just 3 months. [/quote]

Using the numbers I roughed in above, it would take him 2.5 years just to get a single dollar ahead with your method.

Just a single dollar. And that’s if he gets to skip a payment when doing the refinance.[/quote]

He could get a slightly higher rate but still below his current and get a few thousand in rebate up front, what AN use to do. He could do a slight cash out refi give himself more than a 3 month cushion of he really needed the cash soon. None of which would make sense if he doesn’t actually need the cash up front now. And if he just want an emergency slush fund to tap, that’s what a HELOC is for. But again, he said it himself. He doesn’t really need the money he has plenty of emergency reserves, so this seems like it’s just an exercise to see if the system can be gamed for the sake of gaming it. So with that, like I said, go for it