Running the Numbers

[dragonazure]

Forgive me for sounding crass by talking about money and cash flow at this time, but it is something that anyone with a house payment might want to consider looking into.

With interest rates at a new low, it might make sense to refinance the house. Some quick Excel calculations indicate that over the course of the next mumblety years, we will

Comments

[thlmakai]

I refinanced my mortgage with the same end date, so that is certainly an option. IMO it was well worth the effort.

[dragonazure]

Hmmm. After checking some online resources, I abandoned that idea because none of them even mentioned it as an option. Refinancing and keeping the same end date definitely reduces our overall costs while lowering the monthly payment. Thanks for the tip!

And I discovered that some companies were actually as low as 4.5% not too long ago--but I think that ship has sailed.....

[thlmakai]

I don't know if it's not as popular, or it's harder to advertise the saves since it isn't a neat number, but I made a point of asking. Good luck!

[dragonazure]

I doubt most people would care if it is a neater number as long as it is smaller in magnitude! 8^)

[alyclepal]

Actually I tried a cheese grater...trust me the processor is far, far better.

[dragonazure]

"Safer" would be my operative word....8^)

[alyclepal]

Yep:> That too. If you use ivory soap though its so squishy that the grater doesn't work well.