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I'm considering refinancing my 1st and/or 2nd mortgage(s)
On my 1st, I owe 225K @ 5.5% which costs $1400/month
On my 2nd, I owe 70K @ 7.4% which costs $525/month
I have no other debts (credit card, auto, etc)
I can borrow up to 280K @ 5.0%.
I have 100K in stocks and bonds
I make 100K per year pre-tax
Thank you in advance for any sound advice.
On my 1st, I owe 225K @ 5.5% which costs $1400/month
On my 2nd, I owe 70K @ 7.4% which costs $525/month
I have no other debts (credit card, auto, etc)
I can borrow up to 280K @ 5.0%.
I have 100K in stocks and bonds
I make 100K per year pre-tax
Thank you in advance for any sound advice.