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Definitely, if we could refinance at a 1-2% lower rate it would save us up to $1k/mo which we could spend or save (likely we’d just take that money and pay down
by ta9000 1y ago
Definitely, if we could refinance at a 1-2% lower rate it would save us up to $1k/mo which we could spend or save (likely we’d just take that money and pay down the loan faster or invest it though, but most people would probably spend it on making their lives better).
- all2 1y agoI'm in exactly this position. I keep getting offers that would increase my monthly bill.
- jrs235 1y agoWhich will increase velocity and quantity of available dollars and lead to more inflation.
- jrs235 1y agoBut I'd prefer some inflation over a depression. We need lower rates AND lower max credit lines.