by Mr. T in DC
Question by PB: I have been paying down my mortgage aggressively. I want the freedom to own my home. Thoughts on this -?
I am 42 and my husband is 46. We do not “sacrifice” but are careful. Our current outstanding mortgage is $ 160,000. We started with $ 346,000 almost 4 years ago, but have been paying it down. Our interest is 4% but it is an adjustable that may jump to 6% in April of 2009. Is there a way to refinance and lower my payments so that we may pay off our home sooner, and so that we may be able to afford college without struggling?
Answer by jennifer h
Talk to your Bank manager
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