Expert, localized Los Angeles answers provided by Heather Roy

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Refinancing Now

  Im in the process of refinacing my home at 5.125 precent.And using some of the houses value to pay of all my bills.Is this a good time to do this?The appraisal inspection is next week.Friends of my say wait because there is a new policy coming out for new home buyers. This is my first home but ownd it for 6 years and this will be my second refinace.Wil this new tax break help me and when does it come in affect.sincerly ron
 
  You already own a home so you're not a first-time buyer.  There's no special tax break for your refinance. 
   
Originally published on February 25, 2009
 
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