Another piece (from the Denver Post) on how folks are refinancing like crazy. I might add, it’s important that you find someone you can trust to help with these types of things. You want someone who is actually willing to be truthful with you and perhaps tell you that the costs of refinancing (for whatever reason) outweigh the benefits. Or at the very least someone who will give it to you straight, and warn you about dumping all your credit card bills into your home equity, considering defaulting on credit card debt won’t cost you your home but defaulting on a home equity loan will!
