Realtor.com- December 29, 2015
This article goes into 3 reasons you should not refinance a mortgage. David Schneider warns not to refinance to pay down credit card debt unless you are confident that you won’t run up the debt again. He says “One danger in using a cash-out refinance to pay consumer debt is that you may end up spending that extra cash on things you don’t need—and now, unlike before, your home is at risk,”
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