-
You are in the middle of asking a question
-
Back to my question
-
No thanks I'm done
Refinance and college funding
We are considering refinancing our one year old 5.5% 30 year fixed interest rate loan. Our balance is 450,000.00. We have about 250,000.00 equity and our credit scores are excellent with no other debt. Our delema is deciding to pay down our loan to refinance at 417,000 at a 4.5% interest rate or keeping that money in our managed money market account for our kids college funding. The money we save monthly by refinancing would also go towards college at least for the next 9 years. We plan to live in our house for at least 15 to 20 years or longer
Posted Answers
No answers were posted yet - be the first one to answer!
Sign in to participate
Got an answer for Michelle? Would you like to comment on the posted answers, or vote for the one which you think is the best?
Sign up for a free account, or sign in (if you're already a member).
Other people asked questions on similar topics, check out the answers they received:
My home is financed at 6.62% rate. I had a 25% down payment a year ago. Now with the recent prices I may have lost 10% or more ...
Hi Dolans! I lost my job in the entertainment business as an Editor, and couldn't find work, so I went back to school. I put my ...
Submitted by
jamester
2 months ago.
-
0 answers
- viewed 114 times
I have a student loan that started out at less than $13,000, and it is over $25,000 at this point (and I have already been paying ...
Be The First To Answer
Other people asked questions on various topics, and are still waiting for answer. Would be great if you can take a sec and answer them
