|
re-fi again?
We refinanced our house 2 years ago for a construction project. Fixed 30yrs @ 5%. All the money taken out went into the house. We have a solid equity situation.
We don't need to take out $$$, but wouldn't it make sense to re-fi again and take advantage of these insanely low rates?
The only sticking point? We might want to sell in the next 12 months because of a job related move. At this point, we are planning on keeping the place as a rental, but lets suppose we find some crazy deal on a higher end home, and need to sell to make the down payment. At that point, the only negative is that we haven't had the new loan long enough to offset the cost of the re-fi, yes?
|