Would you pay off a home mortgage of 200000 if you had the money?

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.

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One Response to Would you pay off a home mortgage of 200000 if you had the money?

  1. Steve T says:

    You answered your own question. You don’t really need to pay it off or refinance if you are selling.

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