Refinance question

[elface]

I realize now is not the most opportune time for this, but have 75k in equity in house due to divorce that I would like to use elsewhere...investments, cd's etc.

How many years do I need to stay in house to make refinance worthwhile? Debt or housing payments are not a problem.

 

[ninerhorn]

Depends on how the new loan compares to the old one as well as what you project your return on your new investments to be (I know that is an unknown)

Generally, the fees are paid back within 3 years but again, it is not that cut and dry. Everyone is different.

shoot me an email and I would be happy to run some numbers for. No charge. Happy to provide you with the info.

[email protected]


good luck