Best refinance strategy for mortgage with small balance

Home equity product can pay off first loan, offer liquidity
Published on Dec 12, 2006

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by CareyBot

DEAR BOB: Is it a good idea to refinance my residence with a home equity loan? –Miriam G. DEAR MIRIAM: You raise a fascinating question. If you have a high-interest-rate mortgage with a small balance, you might be smart to ...