Pay down mortgage and refinance?
Would you take most of your money (liquid assets), no other debt, adequate 401's, IRA'S etc. to pay down your mortgage and refinance? Current mortgage balance 128,000 home value 425,000 loan at 5.87% with 24 year balance. Approx new mortgage would be 60,000 @ 4.50% for fifteen years.closing cost from credit union approx.2000.00