We are refinancing the house, and thought, why don't we take out 25k or so (or whatever the max is) and make some interest on it? Thing is, we plan to move, sell, and (most importantly) buy another place in just over a year. So we have to be able to retrieve our money and interest at that time.
What are our options? I have heard of CDs and money market accounts; it looks like if we went with one of those, we'd earn around 5%. That's only like a thousand dollars profit. Aside from upgrades to the home, are there other options that are more profitable? (I need guaranteed options; we can't "gamble" with this money).
Thank you for your time and expertise!
2006-11-30
08:44:04
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10 answers
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asked by
chelleedub
4