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Some Basic ReFi questions
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justmefornow
LIF Adolescent
Member since 9/08 859 total posts
Name:
n
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Some Basic ReFi questions
We own a co-op that we have about 100K equity in. Our fixed rate in 2003 was 5.38. What are our options to get about $30K cash (to pay off student loan -- at abt 7% interest rate and feels like it'll never be paid off or I will pay close to double of what I borrowed by the time it's paid offand CC bills -- not too bad but still abt 8K) Is it called re-financing, or just taking out a loans against equity?
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Posted 10/20/09 2:08 PM  |
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Prudential Douglas Elliman Real Estate
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chellynyc
LIF Infant
Member since 4/06 164 total posts
Name:
Michelle
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Re: Some Basic ReFi questions
I believe it's called a cash out refinancing loan.
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| Posted 10/20/09 3:58 PM |
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