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Reply #63: Refinincing worked in our situation [View All]

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Le Taz Hot Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-27-06 09:00 AM
Response to Reply #17
63. Refinincing worked in our situation
but it has to be the right circumstances. My mortgage interest rate is FAR FAR below the 29.99% interest I was paying to numerous credit card companies. Previous to the refi, for every card there had to be a monthly check written, along with various assundry medical, dental and vet. bills. We took about 40% of the equity out of our house and paid off about 95% of what we owed. All-in-all, we save about $1,000 a month which, we figure, is akin to a part-time job.
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