Updated almost 5 years ago on . Most recent reply
Cash-In Refinance Makes Sense?
Situation is $800K loan but have $400K cash. My monthly payment is $3,600 excluding tax and insurance (50% of monthly net income). I am thinking of paying down the loan to about $500K to get a lower monthly. Otherwise, I was thinking of putting the cash in a low-risk fund and draw from it to pay the current mortgage.