|
Sounds like the bank is trying to squeeze you for what they can get, thinking that would be your only option. So you only have the two options if you want avoid costs of refinancing or a new loan. Those are to continue to pay until it's paid off or pay it off. If the interest rate is low, I'd find out the potential risk/implications of having your wife's name on the loan and continue to pay if there's no possibility of a problem. If there is some risk you want to avoid and can pay it off, do that. I'm always in the camp that says go for the "no debt" status. There are probably others here who will have better ideas.
__________________
Marv Evans
'69 911E
|