I was getting paid to learn what I wanted to learn in order to achieve my goals!

If you select a market with population growth, jobs and wage growth, a balance between supply and demand and a diverse range of employers you will do just fine.

I received an estimate for the closing cost and we would be adding 8K to our current loan plus the 5 years, and this is just killing me the thought of my principle balance going up after paying extra over the last 5 years, but the thought of extra cash per month would be nice.

So by EOY, we would expect to have a balance of $15k+ to cover any items. 

My original loan balance is ~$205,000. 

You might have to compromise your needs and/or the value factor and that balance is something only you can determine but as long as you go into it clear-headed, it should make sense.  

What would you do in this situation:Business: ManufacturingCommercial building valued at 2mil550k left on mortgage800k Line of credit (650k balance)Bank is demanding line of credit balance to be lower than 50%Business isn't great, we were unable to show any real profits to satisfy the bank. 

Anywhere of 10-20% of the unpaid principal balance is typical. 

lots of other variables in play here, but one way to potentially achieve win-win, maybe....

Now I'm ready to balance the time I spend with my head in books and excel with getting my hands dirty and directly making things happen.