joeyd4538 t1_j6e5fj2 wrote

Your basically working tword saving your self 10 seconds of work per month when you knock out that mortgage. That 10 seconds will not compound like the money could have. You'll still have to pay property taxes twice a year, so that 2 minuites you get back every year will actually be more like 1:40.....I personally would rather have the cash on hand, even if it was hard cash under the matress. You never know when that dream car you've always wanted pops up from a guy in your neighborhood on a Sunday morning. By the time you refi, get out the money, go back and make an offer, the car has long been sold. (I lost my dream car on a Saturday night to a guy who bought it on Sunday afternoon with cash). I still loose sleep over that one.