Question by jacob: Drawbacks in Refinancing Home Mortgage and Cash Back Loan?
I am interested in refinancing my home mortgage and getting a cash back loan. What are the drawbacks to this? Will it affect my credit?
Answer by chase
best not to borrow. refinancing may lower you current monthly payment, but in the long run it will cost you more. best to buy everything with cash, even a home. Living debt free is best.
having no loans
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