Barbara Corcoran Quotes
Refinancing doesn't reduce your debt, it just restructures it, so be clear about what you want to achieve with a refi.
Corcoran, Barbara. "The Real Costs of Refinancing." NBC News, NBCUniversal, 24 Oct. 2003.
Commenting on the practice of making loans to repay old loans:
Barbara Ann Corcoran is an American businesswoman, investor, speaker, consultant, syndicated columnist, author, and television personality. She founded The Corcoran Group, a real estate brokerage in New York City, which she sold to NRT for $66 million in 2001 and shortly thereafter exited the company. One of the show's original "Shark" investors, Corcoran has appeared in all 12 seasons of ABC's Shark Tank to date. As of February 2020, she has made 53 deals on the show, the largest being a $350,000 investment for 40% of Coverplay.