Should I refinance house?

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    • #261895

      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?

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Budget101 Discussion List Archives Budget101 Discussion List Should I refinance house?