When refinancing your home for lower rates over 20 years,is it a smart move to pay off some high interestbills

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When refinancing your home for lower rates over 20 years,is it a smart move to pay off some high interestbills

2007-09-25 13:56:40 · 3 answers · asked by Anonymous in Business & Finance ➔ Personal Finance

3 answers

of course...and the new interest payments will be tax deductible!

2007-09-25 13:59:31 · answer #1 · answered by Anonymous · 0⤊ 1⤋

That is dangerous because people who incur high % bills , will do it again .
Then they risk loosing their home because of a failure to get real about $$$$$$ .

If you are 1000% sure you will never be so dumb as to encumber yourself with credit card debt again ,
OK . . .
If there is a 1% bit of doubt , NO .

>

2007-09-25 21:15:51 · answer #2 · answered by kate 7 · 1⤊ 0⤋

Yes, but only if you never let a charge card go unpaid again. I mean NEVER!

2007-09-25 21:14:45 · answer #3 · answered by HH@20 2 · 2⤊ 0⤋