Question by Nassa: Would you pay off a home mortgage of 200000 if you had the money?
The existing mortgage rate is 6.125%. It’s a rental property and the refinance rate is about 4.25% with $ 2-3 thousand in fees. Will sell the home as soon as possible.
Best answer:
Answer by njyogibear
if you are selling the house, you don’t need to refinance.
Give your answer to this question below!
You answered your own question. You don’t really need to pay it off or refinance if you are selling.