Q: I want to apply for a 2nd mortgage (fixed rate home equity loan ) and use some of if to pay down my first mortgage.  1st mortgage interest rate: 6.6%; 2nd mortgage interest rate: 5.5%.

Is this a good idea and is this legal?

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These are crucial times. The housing industry is in a slump and jobs are threatened. Everyday we are reading more and more bad news from the economy. Sometimes, the important question we ask ourselves is:

Continue reading Should I Refinance Home