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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: bozwood who wrote (11419)7/1/2003 11:57:53 AM
From: GraceZRead Replies (1) of 306849
 
I know someone who refied their primary, paid off all their high price credit card debt ($36k), shortened the term from 20 to 15, reduced their monthly payments by $1000/month and increased their total indebtedness by the sum total of $700 and still has a debt to equity ratio of less than .5 on the house with zero other debt. The very first month pays off that extra indebtedness.
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