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Also, why did you do so much refinancing in the past? Were there debt problems then too? Have you learned the lesson that you can't borrow out of debt?

Up to a point I can defend this...

'99 - financed 15yr/7.125%
'01 - refi 15yr/6.125% No Closing Costs.
'02 - refi 30yr/5.625% No Closing Costs.
'04 - refi 15yr/4.99% biweekly No Closing Costs.

Each time I refinanced, the bank picked up the expense of refinancing. In the first case, my loan was with Wells Fargo solicited me to refinance with them. In the latter, they were "Home Equity" loans that didn't require the same closing process as a mortgage (ie, title insurance)

- Lan
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