/biz/ - Business & Finance

Anonymous Wed Jun 22 20:01:30 2022 No.49904514 [View]
File: 108 KB, 800x800, 1492850016495.jpg [View same] [iqdb] [saucenao] [google]

I live with my gma in California, but I manage her finances, do her taxes etc. Currently he has a 4.5% interest rate loan on like 300k, the house is now "worth" like 1.6 million (mainly because my late gpa took out money to invest, etc).

Anyways I looked into her refinancing at the height of covid for like 2.5%, but the "pay no fees" refinancing fees would have been too high, it only would have started making her money in 13 years, which I didn't think was likely (shes 84). Plus the mortgage payment write-off helps her a lot with taxes.

Was this a smart move?

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/biz/ - Business & Finance

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