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Just realized I threw $800 down the drain on a refi that tanked my equity
Closed on a cash out refi back in March to consolidate some debt. Thought I was being smart. Rates were okay at 6.5% and I pulled out $40k. Now my house dropped in value by about $15k on the latest comps in my neighborhood. My LTV is shot and I can't even think about selling for years. Anyone else get burned by timing the market wrong on a refi?
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veramiller14d ago
Tapped mine at the peak too and now I'm basically stuck here for the next five years.
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