Re: Refinance to consolidate debt?
1) We are thinking of refinancing, I don't know what a Heloc is?
2) The fees are going to be $2,000 to $2,400.
3) The rate is fixed, looks like we will get 5.0 to 5.25 (we have excellent credit)
4) Our current rate is 6.5
5) No, don't plan on moving for a very long time.
6) It's both, about $25 thou is paid, $35 thou in appreciated value.
I just hate rolling this debt on to our home, but I also know I can't work these extra jobs for serveral years. Plus with all our extra money going to this debt I worry about having funds for other things that may come up. Just want to make the best decision possible for the long run.
I welcome the comments, D
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