blog and homepage of Preeti Padhy
30 Mar
I have been really depressed this week. I have been trying to refinance my mortgage and why not the rates are so low. I thought since i had bought the house when the housing market was already down, it should be easy to refinance. But, no the price has fallen down so mush that i cant refinance without paying another down payment. I don’t know if i should use up my cash balance to refinance, especially in this economy when i don’t know if i will still have my job tomorrow.
7 Responses for "Refinancing woes"
Have faith in Oba-man. EConomy will turn around.
And so will the rates
In this economy the best thing is to save your cash as much as you can.
Maybe we should all subscribe to The Compact and buy nothing new this year. But then the economy might never recover. I don’t know.
true. Not paying more down payment would mean i can walk away from the mortgage without losing more money.
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