Refinancing a Mortgage
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Refinancing a Mortgage
| Fri, 08-12-2005 - 2:26pm |
Can you refinance your mortgage if the rate is not lower than the one you have now? How would that work?
Our original mortgage was 7.5%, we refinanced a few years ago down to 5.25%. I was telling a woman on one of my other message boards about how I was thinking of taking a cash advance from my discover card to clean up my checking and savings account and she said I could refinance. Is that possible?
Thanks!
Our original mortgage was 7.5%, we refinanced a few years ago down to 5.25%. I was telling a woman on one of my other message boards about how I was thinking of taking a cash advance from my discover card to clean up my checking and savings account and she said I could refinance. Is that possible?
Thanks!

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Understood, of course,
Promise yourself to be strong so that nothing can disturb your peace of mind- Christian Larson
~aka~
The root is NOT where I live but it does make a difference when our bills go up faster than our paychecks. Did your school taxes go up 18% this year? Well, that is what they wanted to do to us.
I think you have to understand that in different parts of the county, people live differently. I have stated that before. One situation I was thinking was weddings. It is very expensive here to go to a wedding. No, you don't have to give as much as everyone else, but it is expected for you to cover your plate. We don't give gifts, only cash. I know where my mom lives, they only have a "cocktail hour" and gift gifts and it only lasts an hour. Our weddings here have a shower, a bachelerette (or bacheler)-can't spell-sorry-party-a rehearsal dinner and then the 5 hour wedding. Wedding are very expensive. Especially if you are in one. Luckily we got out of the wedding scene many years ago, many before we were even married as it would cost us a fortune!
My parents only brought in one income and dressed us nicely, fed us well and always had a safe and happy home for us. That is my goal for my family. Yes, things were different than they are now, but I am trying to be as good parent as they were to me.
Nope,
Promise yourself to be strong so that nothing can disturb your peace of mind- Christian Larson
~aka~
I DO know many people who have rented these bouncy things for parties, I have or never will but I know the prices.
I am not creating an existance on other people. I was just answering a question that was given to me.
I guess I will always just be wrong.
<>
No. You should live without it because it's not a right and you can't afford it, based on YOUR descriptions of your income and your inability to meet your financial obligations without resorting to credit.
Karen
"A pocketknife is like a melody;sharp in some places,
flat in others,
and really annoying when it's stuck in your head."
Karen
"A pocketknife is like a melody;sharp in some places,
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