Should I refinance house?

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      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?