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Debt Relief – Insolvency – Bankruptcy Information » Mortgage Refinancing » I ‘m refinancing my mortgage since the 5 year term is up; should I include my line of credit in mortgage?

I ‘m refinancing my mortgage since the 5 year term is up; should I include my line of credit in mortgage?

The combined total would be $100,000. It would be nice to get rid of the $400/month I put towards the LOC. I currently make $299.21 accelerated bi-weekly mortgage payments, and am willing to up to $350 or even $375 if I do consolidate. Thoughts?

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2 Responses to "I ‘m refinancing my mortgage since the 5 year term is up; should I include my line of credit in mortgage?"

  1. Ernest Realestate 415-571-2765 says:
    -If you can pay off the line of credit , do so,
    -but DON”T CLOSE the line of credit

    -If you can inclease the accelerated bi-weekly mortgage payments to $ 375 and payoff the mortgage early , do so

    -No need to refinance , if the rate is not lower by huge gap
    ———-
    San Francisco Real Estate, Below Marketing Listing,
    Ernest Tse 415-571-2765

  2. Grant N says:
    It sounds like a 30 yr mortgage. If it is does the items you purchased with the line of credit last 30 yrs, like home remodeling?

    IMHO, Your financing should be no more than the life of the item.

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