Posts Tagged "time lines"

Refinancing your home

Posted by Preet on Jul 27, 2007 | 0 comments

I’m going to offer up an example in a following post, but this post is to deal with the psychological aspect of refinancing your home to consolidate debt. First, let’s just make sure we’re on the same page and define “refinancing your home”. This is basically when you have some equity built up in your house (after paying your mortgage payment for a few years or having put a large down payment on it) and you use that equity to pay off OTHER debts so that instead of having a mortgage payment, a credit card payment, a line of credit payment, a vehicle payment, etc you will only have one slightly larger mortgage payment and that’s it. I...