Re-Financing personal property

[Mike Ordunez]

Is it a good idea for me to re-finance my personal property?

[Carlos Tavares]

well it all depends on why? to what end?

is it for a better rate ? to lower your payments/ years?

to purchase investment property or more of them?

its always a good idea when asking a question to give enough info that it well help narrow responses. so its not a general response or call for more speculation or questions to help  you out better.

[Mike Ordunez]

well definitely to pay of debt to start but I think ultimately to start a deal .?

[Carlos Tavares]

do you have numbers you feel comfortable disclosing here on BP?

dont have to be specific but how much you plan on pulling out during refinance,? will it lower your rate? how much do you owe that you plan on paying off? what kind of debt is it?

[Mike Ordunez]

Don't know the details on if it will lower our rate yet. But the the rate will mostly likely drop. Our debt is credit cards of $15,000.