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From: ark@alice.UucP (Andrew Koenig)
Newsgroups: net.invest,net.taxes
Subject: Re: Money from refinancing
Message-ID: <6113@alice.uUCp>
Date: Fri, 26-Sep-86 11:39:42 EDT
Article-I.D.: alice.6113
Posted: Fri Sep 26 11:39:42 1986
Date-Received: Tue, 30-Sep-86 03:25:07 EDT
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Organization: Bell Labs, Murray Hill
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Xref: watmath net.invest:1817 net.taxes:1335

> What are the ramifications of "taking money out" when
> refinancing your house?
>
> It looks like a good way to finance major home improvements
> but I am somewhat leary about the long-term effects.

The ramifications are exactly the same as the ramifications of
taking out a separate loan at the same interest rate and repayment
schedule as your refinancing loan.