Re: Mortgage Refi for Debt Consolidation
I'm certainly not one for yelling 'HOUSING BUBBLE!" and scaring people, but you do need to consider what's going to happen if the housing market fell. What if you had $320K out against your house- and it became worth less than that?
The other thing to consider is that most home improvements don't add as much value to the home as they cost.
It's great that you haven't used credit cards for 2 years! Congratulations on that!
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