I would like to refiance my house and take out interest only loan and use the eq

@p_i123 (486)
India
October 12, 2006 9:57am CST
I would like to refiance my house and take out interest only loan and use the equity for investments purpose? I am already on adjustable rate it start at 4.9% now it is at 5.50% I have owned my house for 1year and 2 months.
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