02-19-2009, 02:46 PM
$tevie wrote:
You refinance the mortgage at 4% instead of 8% which lowers the payment from, say, $735 to $475.
If it was that simple don't you think somebody outside the renowned MacResources Forum 'Friendly" Political Ranting blog would have thought of it? There are all sorts of barriers to refinancing. Unless you address them you don't have a plan.