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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You keep mentioning taxes going up.
PumpkinAngel
Are these people coming to a public internet board and asking for opinions and thoughts about how to reduce debt?
PumpkinAngel
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If they are asking ways to avoid refinancing at a higher rate or trying to make ends meet....yes you should.
PumpkinAngel
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You pay school taxes direct, or are they buried in personal property?
PumpkinAngel
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