Refinancing a Mortgage

iVillage Member
Registered: 04-27-2005
Refinancing a Mortgage
765
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!

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iVillage Member
Registered: 11-12-2003
Mon, 08-15-2005 - 10:26am
Because a lot of people buy new cars every two years.
iVillage Member
Registered: 07-20-2004
Mon, 08-15-2005 - 10:43am

And a lot of the newer/used cars, particularly those still under transferrable warranty, get a thorough check out by the dealership selling it--makes sense really.

Karen

"A pocketknife is like a melody;
sharp in some places,
iVillage Member
Registered: 11-12-2003
Mon, 08-15-2005 - 10:47am
My little brother just bought a Subaru Baja, it only had
iVillage Member
Registered: 03-26-2003
Mon, 08-15-2005 - 10:49am

"Why because YOU can live without it, I should?"


Because YOU can't afford it.

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iVillage Member
Registered: 03-26-2003
Mon, 08-15-2005 - 10:51am
Do you really not see that you can't have cable because you can't afford it, not because any of us think cable's good or bad?

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iVillage Member
Registered: 03-26-2003
Mon, 08-15-2005 - 10:54am
I drink.

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iVillage Member
Registered: 07-20-2004
Mon, 08-15-2005 - 10:59am

Meh.

Karen

"A pocketknife is like a melody;
sharp in some places,
iVillage Member
Registered: 03-26-2003
Mon, 08-15-2005 - 11:01am
But why do people keep perfectly well running cars only a couple of years before selling? Why?

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iVillage Member
Registered: 03-26-2003
Mon, 08-15-2005 - 11:02am
Ok fair enough.

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iVillage Member
Registered: 07-20-2004
Mon, 08-15-2005 - 11:02am
Beats me, but I'm always happy to benefit by it.

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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