Archive for August, 2011
Would it be better to continue to pay on our Equity Line of Credit & our Mortgage or to refinance for 1 loan?
August 31st, 2011
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Author: Our interest rate on Mortgage is 5.87%, but we have a variable rate currently at 7.5% on the Equity Line. Now that we have exhausted the Equity Line we are having trouble carrying both payments. Will the payment be lower if we combine the loans and refinance?
Posted in Uncategorized
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Tags: equity line, interest rate, loans, mortgage, variable rate
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