Robert J asked:


My first is a 30 year fix at 5.6% , my second is fixed too but really high interest rate, 15.6%. Together I am paying roughly $1400 a month!

Oscar

Tonya in TX - Duck asked:


I just saw a commercial saying if I join their credit union and transfer my car loan to them, I get a $500 Visa debit card. I’m not in it for the debit card. But if I transfer my car loan to them, am I refinancing? If I have a high interest rate now, if I change to them can I also get a better interest rate? What are the advantages and disadvantages to refinancing?

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