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18-Feb-2020 00:09

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On the plus side, the house you bought for 0,000 10 years ago with a 30-year fixed-rate mortgage is now worth 5,000.You put 20 percent down at the time you bought the house, and now owe approximately ,000 on it.The question: Should you refinance your house with a mortgage to pay this debt off?

At today’s interest rates, school loans have an interest rate about 3 percent above that of a typical mortgage.Feeling squeezed by the bills that keep coming your way? Refinancing your home loan is a great way to get ‘cash out’ of your home’s equity to use for other purposes.

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