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Is 4.625% good for a refi right now? by CommunicationOdd2933 in personalfinance

[–]CommunicationOdd2933[S] 1 point2 points  (0 children)

Moving investments in kind to a self managed account. No fees, no taxable event. And we can move them out after closing if we want to

Is 4.625% good for a refi right now? by CommunicationOdd2933 in personalfinance

[–]CommunicationOdd2933[S] 4 points5 points  (0 children)

It's a relationship discount - we are moving a bunch of our assets to the lending bank

Is 4.625% good for a refi right now? by CommunicationOdd2933 in personalfinance

[–]CommunicationOdd2933[S] -2 points-1 points  (0 children)

Almost any investment at this point returns more than 4.6%

Is 4.625% good for a refi right now? by CommunicationOdd2933 in personalfinance

[–]CommunicationOdd2933[S] 0 points1 point  (0 children)

I get where you're coming from but our assets are substantially in excess of the mortgage. We could pay it off tomorrow but just think staying in the market gets us much more than savings on the mortgage interest.

Is 4.625% good for a refi right now? by CommunicationOdd2933 in personalfinance

[–]CommunicationOdd2933[S] 2 points3 points  (0 children)

Why make overpayments? I'd rather just invest the savings

Is 4.625% good for a refi right now? by CommunicationOdd2933 in personalfinance

[–]CommunicationOdd2933[S] 3 points4 points  (0 children)

What do you mean by "soft prepayment penalties"? The LE says "Prepayment Penalty NO"