|Time to upgrade the car. We got a good deal on the new one, extremely low mileage with warranty remaining and were able to pay cash.
Also, we refinanced our primary residence this month. We were able to reduce our rate by 1.5% and significantly pay down the loan balance. As discussed earlier, the purpose of this particular refinance is twofold: 1- to reduce our interest rate/payment and 2- to lock in a monthly payment that provides adequate cash flow when we convert this house into a rental. I hate seeing all that cash disappear but it's nice to know that we're set to convert another house into a rental at the time of our choosing. Next we'll focus on reloading the coffer before trying to blast away at the student loans.
Debt-to-Assets = 71.0%
"Cash" = Personal Savings
"Annuities" = Investment Property Savings
"Other Assets" = Health Savings Account
"Other Real Estate" = Investment Properties
"Other Mortgage" = Investment Property Mortgages|