TheDemonsTalk
TheDemonsTalk t1_iyerh20 wrote
Reply to comment by Liquidretro in Question about first time home buying by [deleted]
The reason why you should wait is because your mortgage normally consists of the most interests payments during your first 5 years or so. If you refi again right after you just got a mortgage, you'll just be paying the interest, not your debt. You should always pay down your debt first... your new refi will carry your outstanding debt... always pay down debt first.
TheDemonsTalk t1_iyem47s wrote
Reply to Question about first time home buying by [deleted]
Yeah you can refi but I wouldn't suggest doing a refi right away. Wait at least 10-15 years and make sure it makes sense and don't get trapped in further debt. I suggest checking a YouTube video on how refinancing works before proceeding.
TheDemonsTalk t1_iyekzvp wrote
Do them in that exact order... and repeat
TheDemonsTalk t1_iyecvp4 wrote
Reply to Different sexes require different solutions by Karopula
Who are you bro?
TheDemonsTalk t1_iyf59di wrote
Reply to comment by Liquidretro in Question about first time home buying by [deleted]
Rates don't usually change that drastically in 1-2 years anyway.