I owe 16k on a credit card 5 k on a personal loan and only 47k on my house should i refinance?

Frederick
remember, if you do that sort of refinance, PAY IT DOWN quickly. If you use a 30 year mortgage to pay off credit cards, while the rate is much better, the total payout will be huuuge. Take a second mortgage for a short term (up to 3-5 years), but PAY IT DOWN.Keep the credit card balance paid off, too. Only buy what you can afford to pay for. That'll pay you back in spades, better than any investment account.

Deshawn
Refinancing is fine as long as you promise yourself to not getv into that credit card debt again and to avoid personal loans. You could also sell that $250, 000 home and buy a $225, 000 home and have all the other debt paid off and still only owe about $50, 000 on the new home.

Larraine
interest rate is at a premium low right now for home remortages. You could always do a second mortage "with" home repair loan as you have equity built up now. Then you can take the extra money and pay off your card.never ever refinance unless you will benefit from it.

Romeo
I dont know your interest rate, but if the cost to refi is less than what you would pay in interest on that card and loan, do it.

Beryl
take a second mortage from a reputable bank with good locked in rate