Re: Refinance to consolidate debt?
No, not getting a home equity line of credit. I feel that is just to dangerous of a game to play with my home. My loan would be not more than $80,000, I owe $58,500 now. Don't plan to get anymore than the 15 thou for the debt and pay the fees. So no PMI.
I have 7.9% on 4 thousand, 0% on the 11 thousand till it's paid (yes, our credit is that good).
We are very furgal people, have never been in debt before. Pay on our home, 1 car (other car always paid for). We purchase everything else cash. Don't plan to change spending habits. Plan to work the extra 2 jobs for a year to pay for remodeling the kitchen. New loan allows for us to pay early, plan to pay $100 extra so the note will be paid in full in 12 years. I pay extra on my current home note already.
Since I have zero interest on the 11 grand should I not refinance? It's just that I don't want to work like this for years.
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