"A couple of years ago, in order for us to live on just my income, I sold some investments and made a big principal payment and re-cast the mortgage. This is a little known way to save big without refinancing- it simply lowers your payment by re-amortizing the loan over the remaining term, at the same rate."
We have $100K and were planning on refinancing to bring down our principal blance, therefore our payment. Should we do what you did instead?
Last edited by cinder465 : 02-04-2009 at 01:02 PM.
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