Should I refinance house?

[Guest]

Don’t worry about being laughed at. Go to your bank and just be honest with them. One time we were behind and they called us and we refinanced and got a lowered house payment so we could afford to pay.

you really need to talk to them, and also i think it depends if they sold your mortgage or not….but there are things that can be done….find out. they might even have ideas that you never thought of… good luck.

dash

I will try to keep this reasonably short. Due to my daughters
illness, my own surgery and personal reasons, I left my job of 23
years, a year ago. I do not regret the choice.

I managed to stay on
top of the bills using my savings, child support and unemployment my
job allowed me. A month ago I REALLY lucked out and got a better job
that pays even more. At this point all my bills are current except my
mortgage which is one month behind, and I have some smaller medical
bills being payed off.

I am not worried about catching up on it. The
problem is I want to help my daughter get a car. She was on weekly
medical treatments that had severe side effects.

She is now healthy
and looking for a job. I have about 8 years left on my mortgage to
pay off. I am thinking I will refinance for the same period of time
left and get money out from my equity.

Does anyone think I will look
crazy asking my bank for this when my current mortgage is late? I
don’t want to get another loan for this, as I plan to make extra
payments on my mortgage principle to pay it off earlier. I also was
planning to use some of the money for small home improvements.

So my
homes value would benefit too. My daughter needs a car now. We all
know our credit takes a long time to clean up.

So any advice would
truly be appreciated! Would I be laughed out of my bank?

[Author]

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