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Welcome to SportTrac.Org
Off Topic Discussion
is refinancing a good idea
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<blockquote data-quote="J Piroth" data-source="post: 734331" data-attributes="member: 62488"><p>Refinancing a depreciating assett (car, mobile home, boat, etc.) is never a good idea. You're dumping additional funds into something that will never return them.</p><p></p><p></p><p></p><p>Now, if you NEED to lower your payments to avoid missing payments, racking up credit card debt (which has a much higher interest rate, generally), losing your home or something else it may be an option. But if you're just doing it to free up some cash, you're better off leaving your Trac payments where they are and finding the cash elsewhere.</p></blockquote><p></p>
[QUOTE="J Piroth, post: 734331, member: 62488"] Refinancing a depreciating assett (car, mobile home, boat, etc.) is never a good idea. You're dumping additional funds into something that will never return them. Now, if you NEED to lower your payments to avoid missing payments, racking up credit card debt (which has a much higher interest rate, generally), losing your home or something else it may be an option. But if you're just doing it to free up some cash, you're better off leaving your Trac payments where they are and finding the cash elsewhere. [/QUOTE]
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Welcome to SportTrac.Org
Off Topic Discussion
is refinancing a good idea
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