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Reply to "What to do with an extra $100k"
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[quote=Anonymous][quote=Anonymous]OP here. Mortgage rate for $250k property is 5 1/8% and for $290k property is 4 3/8%. We know there will be tax implications, which is why we thought maxing out TSP would help offset the increase. Also, forgot to mention that there will eventually be some family money for college (a trust from my family) but we are unclear on the amount. Thoughts?[/quote] Those are higher than market and you should consider refinancing.[/quote]
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