Money & Finance

Re-Wrote the Mortgage

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My wife and I did something that we now realize was probably not too smart.  We rewrote the mortgage to our home 7 years ago, (it’s a 15 year mortgage) in order to take out some money.  We spent it to do some much needed renovations to the house.  We want to retire (I’m approaching 65 and my wife is 60) “ but we have a mortgage to pay and we feel like we’re trapped because of the housing market.  Any thoughts? 

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