[vintageogauge]

Originally Posted by tvbound

Having sold my long-owned home last fall, and yet to purchase in TV, I currently have no mortgage.

As to building equity because of paying mostly interest instead of it going to principal, at this age and stage of life - I'm curious as to why some people think it matters? If someone is determined to maximize what their heirs will receive (ie: increased equity in existing home), maybe then it would be a concern I suppose. That being based on the hope that the house equity outperforms the extra 6 figures a person would have in the bank, that could be invested in a number of ways.

Got confused with the title of your post asking about re-financing existing home vs mortgage.