[quote=harvey][quote=no_such_reality]Long thread, skipped most of it.
This is simple, if you’re currently around $400k on balance and at 4%, you can get a better rate, lower payment AND let the lenders pay for it. Aka free. Sure, you could do better, but you have to pay for that.
Don’t let great be the enemy of good.[/quote]
That makes sense if you ignore the fact that every loan is about paying for money.[/quote]Up front vs over life of the loan. Probability of refinancing again the the future before the break even point. Inflation. Probably of you selling the house before the break even point. Probability of you losing your job before the break even point. Probability of you getting ill and need that cash before the break even point. Probability of your car breaking down and you need the cash to fix it before the break even point.
