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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: cash out refinancing Date:  5/25/2001  9:22 AM
Author:  LuluB Number:  72511 of 310986

If you are refinancing anyway, I'd take $14,000 out (get a loan for the higher amount) and pay off CC's. As long as your interest rate on the refinance is good, you have enough equity left in your home after taking $14,000, and if you can comfortably manage your mortgage payments once all is said and done.

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