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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: kirby49 who wrote (10032)	3/26/2002 12:07:23 PM
From: TheBusDriver	Read Replies (1) \| Respond to of 36161

<<So you're saying that it's only okay to refinance and pay the penalties to get the lower rates.>> What penalties? First you have to understand I have not owned a house in the US in the last 10 years. However I did refi mine when I did and I did not pay any penalties. There are costs of getting the new loan and I waited until the interest rate difference was enough for it to make sense for me to do this. I NEVER took equity out of my house. I just wanted lower payments. Wayne