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Hmmm, well the plan is to buy a new home, and keep the old one. With the refi I would go down 3/4% in interest and take out $30K in cash, which I thought I could use for both a downpayment on the new home and to fix the roof here. (I don't have the quote yet, but this is a small home, I can't imagine the roof being more than $3000).

Are you saying it might be better to take a home equity loan out for $30K and then proceed with the original plan, instead of refinancing?

Thanks!

Mike in NJ
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