Cash Now

Take cash now on a refinanced mortgage or wait to borrow money if needed?

My sister and her husband will refinance 5.6% fixed. Should they also take cash to cover future liabilities (next 6 years) for example. new car, braces children, etc. emergencies??

Based on this limited information, I would say take the money now and invest prudently if they can afford, unless they know they can borrow the money they need at a lower rate. Inflation is back in the picture so that is something also to consider. So I think they might be better off taking the money now.

Johnny Cash – I’m Free From The Chain Gang Now

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