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Reply to "Can I refinance?"
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[quote=Anonymous][quote=Anonymous]I am not clear why you want to go into retirement with 1 million in mortgage and only 1.2 million in savings. Personally, I would sell the house and buy something you own free and clear, or at least have a much more manageable mortgage on.[/quote] As I mentioned, we are able to manage quite comfortably drawing just $3500 monthly out our savings ...... which is quite a bit less than the interest/dividends on those savings. So we are not financially stretched despite the large mortgage. The annual income of $105K is not likely to go down and will increase to reflect inflation. Having said this it is possible that we would look to downsize sometime in the next five years.[/quote]
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