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This answer is from My house appraised 250,000, my pay off is 228,000. Should I refinance at 250,000 or 228,000 if I don't need the cash?

Ari Weinberg
FiLife Contributor
Ari Weinberg said
16 days ago

Depends on your lenders requirement, if you have to refinance at the appraisal rate then you don't really have a choice. if you are able to refinance only the balance due, then wouldn't you prefer to do so?

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