http://adawnjournal.com/2009/10/29/what-is-refinancing-a-mortgage/ A blog on Personal Finance, Investing, Entrepreneurship, and More Wed, 01 Feb 2012 22:37:32 +0000 hourly 1 http://wordpress.org/?v=3.1 http://adawnjournal.com/2009/10/29/what-is-refinancing-a-mortgage/comment-page-1/#comment-1699 The Rat Tue, 03 Nov 2009 23:47:47 +0000 http://adawnjournal.com/2009/10/29/what-is-refinancing-a-mortgage/#comment-1699 I think that refinancing one's home for purposes of investing into equities (borrow against your home) can be tempting but a bad decision. One could lose their home with this type of strategy, or at least be behind in years to pay off the loan. Regarding renovations, my thoughts are that people should save until they have enough for renovations and take advantage of the tax credit that's available instead of refinancing a mortgage. I think that refinancing one’s home for purposes of investing into equities (borrow against your home) can be tempting but a bad decision. One could lose their home with this type of strategy, or at least be behind in years to pay off the loan. Regarding renovations, my thoughts are that people should save until they have enough for renovations and take advantage of the tax credit that’s available instead of refinancing a mortgage.

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