|
Refinancing-Good Idea or Not?
| Posted By |
Message |
|
|
Refinancing-Good Idea or Not?
Message edited 1/28/2013 11:28:14 AM.
|
Posted 1/27/13 4:22 PM  |
| |
|
JandJ1224
Member since 6/06 5911 total posts
Name:
Jannette
|
Re: Refinancing-Good Idea or Not?
I think your age is important. Would you be able to pay off 30 yr mortgage before retirement?
Probably better to try to ut your expenses or get more income if you are short every month.
|
| Posted 1/27/13 4:45 PM |
| |
|
|
|
Re: Refinancing-Good Idea or Not?
Message edited 1/28/2013 11:28:22 AM.
|
| Posted 1/27/13 5:21 PM |
| |
|
LSP2005
Bunny kisses are so cute!
Member since 5/05 19458 total posts
Name:
L
|
Re: Refinancing-Good Idea or Not?
I would not roll credit card debt into a mortgage otherwise you are paying interest on top of interest. If you are already at 20 years I would look into either a 15 or 25 year mortgage if necessary. I know Wells Fargo has 25 year mortgages, and I would also look at TFCU. I would still look into refinancing, but I would never add cc debt to a mortgage because although it would "wipe " the debt you will still have it and then you could be tempted to spend up your cc's again leaving you in a much worse position than you are currently in.
|
| Posted 1/27/13 7:00 PM |
| |
|
|
|
Re: Refinancing-Good Idea or Not?
Message edited 1/28/2013 11:28:30 AM.
|
| Posted 1/27/13 7:51 PM |
| |
|
|
|
Re: Refinancing-Good Idea or Not?
Thanks everyone. Didn't want anything quoted, sorry so I deleted.
|
| Posted 1/28/13 11:29 AM |
| |
|
Currently 403287 users on the LIFamilies.com Chat
|
