Cool mortgage rate
That type of activity also casts a bad light on your financial responsibility. Be sure, however, to raise the subject with your lender if you intend to refinance your mortgage in order to pay off that debt. Determine, as well, how long you plan to remain in your current home. It will take quite a few months to repay yourself for the loan closing costs out of your monthly mortgage payment savings. Keeping that in mind, you can see why selling your home within a few years after your refinance your mortgage makes no sense.