Got a refinance mortgage offer to consolidate my primary and HELOC @ 2.1% for 7/1 arm. Current interest rate is 3.875 and 4.3 for both the mortgages. Overall the refinancing is a no 🧠. My question is the bank is offering me some cash out refinance of 50k on top of the loan amount. Should I take it and invest? TC: 612k#personalfinance #investments
I got 2.25 on a 30 year fixed. Why ARM?
Why ARM? Refinance into a 30 year fixed loan. The savings alone would be enough to invest elsewhere
Take it and buy a Bitcoin
Which bank?
Yes, if you can afford a 8yr waiting period in worst case scenario