Quote:
Originally Posted by AZRWinger
You are making assumptions. Many people use their homes like an ATM refinancing when they want cash. The mortgage never gets paid off.
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You are correct in all this.
The "assumption" that I am making is simply that the person under consideration is reasonably mature--and reasonably responsible.
If he (or she) is, then he (or she) will have a fairly robust
savings account; and will, therefore,
not refinance in order to receive some cash.