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Global Guide to Divorce
Jack Jack the Cat

New way to cancel your mortgage

Here is an ingenious way to get rid of a mortgage.  My neighbors had a big mortgage and a business that was feeling the effects of the recession. This is what they did. They switched houses with another family and moved into one that had the mortgage paid.  They gave up their bigger, close to town house, for one that was more out in the country.  They no longer had a mortgage, so could get caught up financially. The commute into the city only added about 12 minutes per way, so it wasn’t too bad for them.
If you need the equity out of your house and don’t want to sell it, then you may want to consider a credit line which is tied to your house.  Check out the interest rates to see if this would work.

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