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In response to
"LYC: stuff"
by
oblique
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The finance guy in me says it's a bad idea, but you gotta do what you gotta do.
Posted by
spamlet
Sep 9 '13, 09:41
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Because of the change in interest rates, just putting that $400 back later will still cost you more interest (plus the fees to re-fi) but if it's the difference in making ends meet for the foreseeable future, you have to do it.
Just make sure to "make" the first payment rather than taking it off like they'll tell you you can. That will help save some of the interest.
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