Ok class, time to wake up from your nap!

You’ve been sleeping long enough. What’s that little Jimmy, you had a bad dream?

What was it about?

Was it another one of those crappy websites spewing titles like; “Is Mortgage Refinancing Right For You?”

No! Was it another one of those articles that says; “When Is The Best Time To Refinance?”

YES! — I know, I know stop crying - I know those dreams are confusing - and rightly so.

I used to have the same dreams - waking up in a cold sweat wondering when and if I should refinance, because everyone seemed to be talking about it.

I was able to evict my inner Stupid Home Owner once I realized that home refinancing isn’t an emotional decision and (stop crying or I’ll raise my voice) AND IT’S NOT ABOUT THE INTEREST RATE EITHER!!!. Sorry to yell Jimmy but hey, snap the hell out of it.

Now, I refinance when I have available equity (cash) in my home and then in turn put that money to work for me. Refinancing to get a lower rate is futile and counterproductive. It makes you focused on the interest rate and you forget the investment/retirement train is coming up fast behind you.

Yes, I know grandma said to pay off your mortgage and the refinance monster would go away - but that’s old school and if you pay off your mortgage you’ll lose the tax deduction, possibly move into a higher tax bracket and lose even more money. Trust me, having a big - maxed out mortgage is a good thing as long as the equity you have taken out is working for you.

Don’t go buy beer and a fishin boat (yes that’s how it’s spelled, without the “g”) like your dead beat dad did. I know it’s tempting but don’t do it.

In fact Jimmy, let’s make a pact. I promise to make the refinance question nightmares go away if you promise to refinance no matter what the interest rate and re-invest in tax advantaged investments. Forget what grandma said and realize that you can invest at the same rate of return that you borrowed at and still make money because of the tax deduction on the mortgage.

Now, if I have to hear another little boys dream about all those stupid refinance questions there will be no ice cream for anyone. You hear me! And if another person writes another stupid article with titles like “When Should I Refinance” you better point them to this website and do your part in “EVICTING THE INNER STUPID HOME OWNER.”

This Was Your Wakeup Call…

Article References:
[tag]refinance[/tag]
[tag]mortgage refinancing[/tag]
[tag]home refinancing[/tag]