What Actually Happened
We received a mail offer to refinance our mortgage at 3.85% interest and get 70k in cash. We were considering using the cash to pay off my wife's private student loan and build an emergency fund.
What I wish I knew
"I wish I knew the long-term implications of taking on more debt and how it would affect our financial stability."
Advice to Someone Facing This Now
If I could tell you one thing
"Consider carefully before taking on more debt, even if it's at a lower interest rate."
Regret Score
5/10
Significant downsides.
Complicated feelings about the outcome.
Complicated feelings about the outcome.
personal finance Category Average
?%
of personal finance decisions share a similar regret distribution. (Coming soon)
Impact
-
Financial and Psychosocial impact distributions for this subset.
Advice for Someone Facing This
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