I am refinancing my mortgage at a lower rate and am considering a new car purchase. Is this wise to do?

Question by ricko: I am refinancing my mortgage at a lower rate and am considering a new car purchase. Is this wise to do?
I dont have any other major loans or home renovations to do but I am in the market for a new car and would rather avoid financing a new car. I do have an equity loc(variable rate) thats open if i ever need in an emergency but I think it might be better just to go through refinancing. Any opinions?

Best answer:

Answer by steinerrecliner
up

What do you think? Answer below!

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