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Need advice regarding our situation...

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Icon Mini Profile cliff3
cliff3
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Joined: 05 May 2008

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

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Cliff Pape
Market Analyst
www.home-buddies.com
Icon Mini Profile smckaybiz
s.mckaybiz
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Joined: 24 Apr 2008

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Location: PA
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Post Posted: Thu May 29, 2008 8:30 pm    Post subject:
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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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Scott McKay
FreeOnlineCreditGuide.com
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