Need advice regarding our situation...

cliff · Posted: Thu May 29, 2008 12:22 pm Post subject:

Yup, I would start your refinance process ASAP!

O by the way there are alot of great people on this site who can help you! Very Happy

smckaybiz · Posted: Thu May 29, 2008 8:30 pm Post subject:

I don't think in this case a co-signer won't help because in order to co-sign a mortgage your name has to be on the title as well. I don't think that will fit into the guidelines of the divorce. When was the last time it was appraised? It may be worth a lot less now. I wouldn't take the loan out for any more than you have to if possible. Besides if you only have to take a mortgage out for 30K your payments should be extremely low allowing to to free up some money to help you to take care of your financial dilema.

Best of luck

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