Is it smart to refinance your house if your only goin to get?

Raylene
12, 000 back and you need 5, ooo just to payoff a debt...and you'll be increasing your payments for more than 200.oo???????? what would you do?????

Elsy
No...shop around, you can probibly gat a better deal...pay the min on all debt and use that 200.00 to pay the one with the highest apr every month.

Genna
if you need only 5K, and your mortgage payment will increase $200- IT IS NOT WORTHY. 1.you going yo pay this debt for 30 years.2. the cost of getting this money is to high ( your closing costs)i will try to get personal loan and pay this debt in 3-5 years or try to open equity line of credit line, it is cheaper and if you pay this debt, you will not have payments if you will not spend the money again or you will have access to your equity any time you will need the money.

Estelle
Don"t do it, if you are going to do that then, you may just as well put more money on your bill to pay it off!

Aleen
Doesn't sound like it's worth it. Feel free to email me your Good Faith Estimate, and what you are currently paying. I'll give you the best objective answer that I can.help@choicefinance.net