I want to refinance my truck, but want to buy my 1st house soon, too. Good or bad Idea?

Question by babagirls18: I want to refinance my truck, but want to buy my 1st house soon, too. Good or bad Idea?
Right now, I'm paying $ 480/month on my truck payment and I want to get the payments down (hopefully to $ 400/month). I got killed with an interest rate of 15.75% because my credit was bad. Now my credit is good and I want to get a better interest rate.

I'm also looking to buy my first house next summer (of 2009). I was told that it wasn't a good idea to refinance a vehicle

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