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The Watercooler
Refi stress
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<blockquote data-quote="Mattsmom277" data-source="post: 369686" data-attributes="member: 4264"><p>I hope it all works out.</p><p></p><p>I think in these times I'd ensure I had enough left each pay towards savings. Because most of these great interest refinancing things means never missing or you automatically (or quickly anyhow) end up with a sky high rate that is never manageable. Savings for me would be key. Sounds like its going to lower your payments and awesome that you can pay mortgage of earlier. I'd be happy at both those points and wouldn't push my luck too much, not to the point of affecting legitimate savings that one day might just be much needed.</p></blockquote><p></p>
[QUOTE="Mattsmom277, post: 369686, member: 4264"] I hope it all works out. I think in these times I'd ensure I had enough left each pay towards savings. Because most of these great interest refinancing things means never missing or you automatically (or quickly anyhow) end up with a sky high rate that is never manageable. Savings for me would be key. Sounds like its going to lower your payments and awesome that you can pay mortgage of earlier. I'd be happy at both those points and wouldn't push my luck too much, not to the point of affecting legitimate savings that one day might just be much needed. [/QUOTE]
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