http://www.moneysmartradio.com/2009/04/23/why-is-it-a-great-time-to-refinance/ Chicago-based financial radio talk show host Matthew Sapaula crusades a message to help people transform the way people feel, think and manage their money! When areas of financial planning, finding money for college and starting your own business start to overwhelm you, tune in to listen to the latest tips, guest financial and business experts and discover answers to community questions. Sat, 26 Nov 2011 07:34:31 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.moneysmartradio.com/2009/04/23/why-is-it-a-great-time-to-refinance/#comment-7 Margarett Fri, 08 May 2009 04:51:01 +0000 http://www.moneysmartradio.com/?p=46#comment-7 When I first read this "First, the harsh lessons of today teach us that a mortgage is no longer JUST a mortgage...but rather a double-edged sword for building wealth. SLOW DOWN-take the time to understand the intricate details in how you can put your mortgage on your side as we may NEVER experience opportunities like this ever again!" I was a bit taken aback and thinking how can such be a possibility? And finally, after reading through the "Refinancing from a higher interest to a lower interest will allow you to free up some monthly cash-flow and provide relief from some of the tightness that everyone is feeling right now. Plus the points and interest you pay will pay on a new mortgage, up to a certain limit, is tax-deductible!", this made me realize on how much I haven't been able to figure out that the idea is very much correct... and yes, Matthew Sapaula is right, in this very sense...that I can"cash-out" any available home equity left from my home and have the opportunity to SAVE these proceeds in a liquid, safe, tax-advantaged account. When I first read this “First, the harsh lessons of today teach us that a mortgage is no longer JUST a mortgage…but rather a double-edged sword for building wealth. SLOW DOWN-take the time to understand the intricate details in how you can put your mortgage on your side as we may NEVER experience opportunities like this ever again!” I was a bit taken aback and thinking how can such be a possibility? And finally, after reading through the “Refinancing from a higher interest to a lower interest will allow you to free up some monthly cash-flow and provide relief from some of the tightness that everyone is feeling right now. Plus the points and interest you pay will pay on a new mortgage, up to a certain limit, is tax-deductible!”, this made me realize on how much I haven’t been able to figure out that the idea is very much correct… and yes, Matthew Sapaula is right, in this very sense…that I can”cash-out” any available home equity left from my home and have the opportunity to SAVE these proceeds in a liquid, safe, tax-advantaged account.

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