Would it be better to refinance every U.S. Citizen’s Primary mortgage than give >$1tril to financial giants?b.wtfdik asked: The current ~$700Billion plan looks a lot like Government is bailing out its buddies in BIG BUSINESS, and nothing will ever trickle down to the common U.S. Citizen. To turn that around use the leftover ~$300Billion Bush Administration bail-out plus President Elect Obama’s $825Billion to pay the Mortgage industry (the cost of processing [...] Should I refinance my fixed 15 year 5% mortgage for a fixed 30 year 5.75% mortgage to free up cash flow?JimBillyJoeBob asked: I am thinking of refinancing so I can free up monthly cash flow to invest. I have been looking at a refi from www.madrate.com (yes, 5.75% check it out!!!) and they offer a $289 fee (includes credit, doc prep, processing, underwriting, tax service & flood certification fees) I have been reading various advisor [...] Should I refinance my fixed 15 year 5% mortgage for a fixed 30 year 5.75% mortgage to free up cash flow?JimBillyJoeBob asked: I am thinking of refinancing so I can free up monthly cash flow to invest. I have been looking at a refi from www.madrate.com and they offer a $289 fee (includes credit, doc prep, processing, underwriting, tax service & flood certification fees) I have been reading various advisor recommendations to have a 30 [...] |