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refinance

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cindysjg Joined: 15 Apr 2011 Posts: 1 1.27 Dollars($)	Posted: Fri Apr 15, 2011 7:43 am    Post subject: refinance Like 0 Dislike 0 Is is beneficial to refinance w no closong costs for a 1.5 intrest rate deduction, if you planning on selling in a year? Will that hurt my credit score?
dipaligopale Joined: 25 May 2010 Posts: 790 22.70 Dollars($)	Posted: Fri Apr 15, 2011 9:22 pm    Post subject: Like 0 Dislike 0 Hi cindysjg, Refinance won't hurt your credit score if you stay current on the payments.So definitely there is no problem at all even if you wish to sell the property within a year.You should go ahead with the deal ..No worries... Feel free to ask any further query if you have............. DIPA _________________ 1.The best of intentions must still have directions !--Unknown author 2.When I hear somebody sigh, "Life is hard," I am always tempted to ask, "Compared to what?" - Sydney J. Harris
jimgilly Community Expert Joined: 28 Jan 2010 Posts: 145 Location: USA 36.21 Dollars($)	Posted: Sun Apr 17, 2011 2:58 am    Post subject: Like 0 Dislike 0 The key question would be how certain are you that you will be selling in a year? If it's nearly 100% barring some unforseen even, then I would say no. If on the other hand, there is a reasonable chance you won't be selling, then compare what you currently have and see if you can refinance with little or no out of pocket costs and get a lower rate and monthly payment.

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