Refinancing a Mortgage
Find a Conversation
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!

Pages
No offense to any one,
Promise yourself to be strong so that nothing can disturb your peace of mind- Christian Larson
~aka~
You or your family members will die without cable TV?
"I don't tell them that they HAVE to cut that out of their life just because I don't do it." First, no one told you you "HAVE" to cut anything out of your life. We are giving you our suggestions. Secondly, if those someones were talking about encumbering their HOME to get out of their consumer debt, and they ASKED for advice (like you did) you probably should suggest they learn to get along without those frills - or they may be putting themselves at risk of losing their home.
<<That is YOUR opinion.>>
No, that is a fact. No one has ever died from lack of television.
When my kids were those ages, we lived in an 1080 sq ft house and managed to give parties just fine.
You are still making excuses. You can't pay your bills with excuses.
<<It is a fact of life if necesseties are cheaper and you are making the same amount of money where it was more expensive, you have more money to save or pay your existing bills.>>
That's not what I'm laughing at. I'm laughing that you think the people who are "moving ahead" in life are the ones who are moving to lower COL areas while managing to hang on to higher COL area salaries.
The people who are "moving ahead" in life are the people who are spending less than they bring home, regardless of where they live. Several posters on this board live in much higer COL areas than you do, bring home less money than
<<I think you have to understand that in different parts of the county, people live differently.>>
And I
Pages