Let's just send money to everyone to stimulate the economy. I'm sure that will work!
If they send everyone money, one thing that will be stimulated is home mortgage refinancing. I was just looking into this myself. I could probably break even within a year, but definitely within two years. Then I would save 43,000 in interest over the life of my loan. Even more if mortgage rates drop below 5.5%. Unless I desperately needed the money for something else, which I don't, this would be the best financial decision for me. This is probably true for almost everyone.
- schneid
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