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Posted by Guy on May 05, 2004 at 04:57:13:

In Reply to: Give me your sales pitch, I'm lookin' for a deal! posted by Homeowner on April 30, 2004 at 17:16:28:

": So, I own a house, I owe 90K, with 29 years left of mortgage pymts at $705/mo.(includes taxes). What's the sales pitch with Primerica? I refinance, $353 every two weeks for 17 years and I'm done?"

Without running your credit, there is no way to know. But, you knew that, right?

Also, you didn't state your interest rate on the current loan.

Also, you didn't provide any information on any other debt you might have at very high interest rates.

Also, we have no idea what your financial goals are. Selling the house soon or living there a while? What does your portfolio look like? What is your comfort level regarding risk? There are way too many variables you didnt provide.

Many people would benefit more from a simple Debt Stacker plan than refinancing. Of course, our SMART Loan has no application fee at all, so we always run one just to see how the numbers fall. After all, its free to find out. But if a client doesn't benefit from it at all, we simply go with the Debt Stacker.


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