Refinance For a Move?

This guy is about to move to another city but isn't sure whether to refinance the house.

QUESTION: Steve plans on moving in six months and wants to know if he should refinance or leave his mortgage as is.

ANSWER: If you move you’ll be selling your current house and that would free up the equity, allowing you to be debt free to buy your new home. 

Make sure you go to a mortgage company like Churchill Mortgage.  They look at your whole financial picture – not just the credit score. 

Refinancing will cost you thousands in closing costs and will not be worth it just to pay off your debts a few months early.

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