Refi

[Anonymous]

This may seem like an obvious question to some, but here goes. In order to refi, your payoff must be lower than the current value of your car, correct? Or is there something else to consider when re-fi'ng. 

[Anonymous]

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@Anonymous wrote:

This may seem like an obvious question to some, but here goes. In order to refi, your payoff must be lower than the current value of your car, correct? Or is there something else to consider when re-fi'ng. 

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Generally yes. Rarely some will refi up to 110% ltv.

[Booner72]

Credit unions are great for refinances. We just refinanced down to 1.9% from 3.9 percent on one and 6.9 on the other. Saving us tons and they did loan me 110% so I had extra money to use to buy a roof.