Like I said in the title, I have about $300k in loans from law school and undergraduate. I'm working at a big law firm making good money.
I have the opportunity to refinance my loans on a 5, 7, 10 or 15 year plan with interest rates of 2.35%, 2.95%, 3.85% and 4.20%. Any of these plans would cut my current interest rates drastically.
It seems to me that, on the one hand I should just pick the lowest interest rate and just put my head down and knock this out. On the other hand, if I do the 15 year plan, I free up a lot of cash flow that I can invest and probably earn better than 4.2% on in the long run. In any case, my wife and I live pretty simply so the extra cash flow will not get spent on consumption.
Love to hear what y'all think.
Submitted April 03, 2017 at 11:34AM by jonnydomestik http://ift.tt/2oBL78t
