Just pulled $85k out of my house in Denver to pay off my business debt

Did it last month after my accountant showed me the interest rate math. I'm saving over $700 a month in payments now, which is a huge relief. Anyone else use a cash-out refi to consolidate high-interest debt?

3 comments

3 Comments

lilycraig26d ago

That math is so convincing when you see it on paper.

leerobinson26d agoMost Upvoted

On paper" reminds me of my buddy who fell for a timeshare pitch that way.

noahlane10d ago

Wait, they actually put the timeshare pitch on paper with numbers and everything? That's wild, they must have had a whole fake spreadsheet ready to go. It's crazy how a few neat columns can make a terrible idea look so solid. I'd probably stare at it and nod along too, to be honest.