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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (50902)	8/21/2001 3:21:12 PM
From: Tito L. Nisperos Jr.	Read Replies (1) \| Respond to of 70976

Mike, the rule of thumb used to be 2% less than the rate of the present mortgage. But people usually don't follow the rules for varied purposes like paying of higher interest credit cards and for Investments. My last refinancing (at a higher rate) was in 1998 when I ran out of Tax money. Recently I learned that my home's valued Doubled in price in 2 years or so... I think I'll be refinancing again and again as long as the value of the home and my equity increases. I can use the money for Investments for my children who seem to have not learned about hard work their parents are accustomed to.