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Old 07-16-10, 02:16 PM   #40
Apprentice EcoRenovator
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Join Date: Feb 2009
Location: Regina Saskatchewan Canada
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The power of refinance is awesome! I had line of credit debt that was going to shoot up in interest rate if I leave my job (which I'm planning on doing), so I had them paid out with the mortgage and closed them completely.

In my case I went with a 3 year fixed at 3.50% (my original mortgage was 4.39% fixed for 3 years 9 months), went from a 33 year amortization to 25 and now I just have one debt to worry about. With the extra cash-flow I'm stuffing the extra cash into savings and it feels good!

Last edited by Peakster; 07-16-10 at 02:26 PM..
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