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Money and Finances
Reply to "Divorce, refinancing gut check"
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[quote=Anonymous]The answer to this question always depends on how you spend money. Maybe you have student loans or other debt that eats into your budget. Maybe your kids play expensive sports or maybe you don't have enough saved for college and you want room in your budget to make that happen. Or maybe your parents have already set aside money for their college, we have no idea. Maybe you eat out a lot or buy expensive clothes for your or the kids. The only way to get to this answer is to analyze your budget and how much money, if any, you have left over and whether you want to devote extra money to the mortgage. By the time you do that, you don't really need any help from us. I will say off the top of my head it seems unlikely that this is a wise financial move for you given your gross income.[/quote]
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