Comments on: I want to refinance my home for a debt consolidation new loan. Which are my best options ? http://www.refinance--blog.com/refinance/i-want-to-refinance-my-home-for-a-debt-consolidation-new-loan-which-are-my-best-options-2 Refinance Information and Deals Sun, 12 Feb 2012 03:15:10 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Cape Horn Spirit http://www.refinance--blog.com/refinance/i-want-to-refinance-my-home-for-a-debt-consolidation-new-loan-which-are-my-best-options-2/comment-page-1#comment-1237 Cape Horn Spirit Sun, 31 May 2009 02:30:10 +0000 http://refinance--blog.com/refinance/i-want-to-refinance-my-home-for-a-debt-consolidation-new-loan-which-are-my-best-options-2/#comment-1237 <a href="">Allen</a> try---card.org/ there's no need to refinance and % interest are lower than most Allen

try—card.org/ there’s no need to refinance and % interest are lower than most

]]> By: Laurence S http://www.refinance--blog.com/refinance/i-want-to-refinance-my-home-for-a-debt-consolidation-new-loan-which-are-my-best-options-2/comment-page-1#comment-1236 Laurence S Fri, 29 May 2009 05:26:54 +0000 http://refinance--blog.com/refinance/i-want-to-refinance-my-home-for-a-debt-consolidation-new-loan-which-are-my-best-options-2/#comment-1236 <a href="">Clinton</a> Yes I think you should go for a mortgage refinancing as that you lower you interest rates and the difference earning due to lower payment can be used to pay off your debts. Here is the source of a mortgage refinancing company for your reference and for more information. Clinton

Yes I think you should go for a mortgage refinancing as that you lower you interest rates and the difference earning due to lower payment can be used to pay off your debts.

Here is the source of a mortgage refinancing company for your reference and for more information.

]]> By: heybulldog http://www.refinance--blog.com/refinance/i-want-to-refinance-my-home-for-a-debt-consolidation-new-loan-which-are-my-best-options-2/comment-page-1#comment-1235 heybulldog Thu, 28 May 2009 11:40:18 +0000 http://refinance--blog.com/refinance/i-want-to-refinance-my-home-for-a-debt-consolidation-new-loan-which-are-my-best-options-2/#comment-1235 <a href="">Angel</a> Bad Idea. Don't put the debt on your house. Something happens and you can't make the payments. The bank takes your house. Angel

Bad Idea. Don’t put the debt on your house. Something happens and you can’t make the payments. The bank takes your house.

]]> By: Expert Mortgage Banker http://www.refinance--blog.com/refinance/i-want-to-refinance-my-home-for-a-debt-consolidation-new-loan-which-are-my-best-options-2/comment-page-1#comment-1234 Expert Mortgage Banker Tue, 26 May 2009 00:04:47 +0000 http://refinance--blog.com/refinance/i-want-to-refinance-my-home-for-a-debt-consolidation-new-loan-which-are-my-best-options-2/#comment-1234 <a href="">Francis</a> It depends on how you have this equity. Did you put 40% of your own money down? If not, because you only have owned the property for a couple of months, the "real" value of your home would be the appraised value or the purchase price whichever is "less" for the first 12 months of ownership. In other words, if you purchased your home for $100,000, but it appraised for $140,000. You are correct that you have 40% equity, but the value of your home is only $100,000 for the first 12 months. Francis

It depends on how you have this equity. Did you put 40% of your own money down? If not, because you only have owned the property for a couple of months, the “real” value of your home would be the appraised value or the purchase price whichever is “less” for the first 12 months of ownership.

In other words, if you purchased your home for $100,000, but it appraised for $140,000. You are correct that you have 40% equity, but the value of your home is only $100,000 for the first 12 months.

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