money help
By Trace86
@Trace86 (5030)
United States
September 3, 2007 3:49pm CST
It is time to refinance before my mortgage goes adjustable. It is so confusing!
Do I want to get some cash back to fix my bathroom?
Do I want to open the home equity line of credit?
Do I want to not get the cash and use the line of credit to fix the bathroom?
I just don't know. Any advice/ideas would be appreciated.
1 response
@michaeldadona (5684)
• Malaysia
3 Sep 07
For your decision making, I think you have to work out the calculations for interest bearing for which is lower. As it is the only way to avoid any unnecessary repayment for the interest incurred. The objective here is to get financier for your needs with unnecessary risks. I mean to reduce the risk factors.
Try to manage "sort and solve" for your risk factors that you can forecast after getting money. There you can find the exact solution. What are the risks and the respective solution.
