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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Augustus Gloop who wrote (10623)10/30/2002 11:19:15 PM
From: Augustus Gloop  Respond to of 57110
 
I am one of the few I know who has just taken the lower rates to pay down my debt faster.



To: Augustus Gloop who wrote (10623)10/30/2002 11:21:36 PM
From: MulhollandDrive  Read Replies (2) | Respond to of 57110
 
frankly i think it is idiotic to confer short term debt onto a long term liability like a home mortgage...

if the borrower succumbs to bankruptcy, credit card debt can be discharged...if you roll that debt over onto your home loan, your principle residence is now vulnerable to creditors.

you give away the homestead exemption.


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