Originally posted by patk have you considered refinancing and pulling out cash? or simply refinancing to lower mortgage payments - if you have them - and increasing your cash flow? now i think of it, it's better than selling a kidney.
A very good point. As a matter of fact, I have considered it. I am locked in at 30 yr fixed at 6.5 %. I have paid a point (if you can believe that) for that rate, but it has been almost 2 years, so it is almost a wash if I were to refinance. I am with Chase, and they have offered my 5.61% with no point. I would like a bit more spread, but I may be able to negotiate another 0.2% or so. I live in souther cal, the real estate value has taken a big hit, but in my area, not as much thankfully. My house is still worth more than the face value of the loan, so yes, it is a consideration.
I am planning on calling them tomorrow. The good thing about Chase (if there is any) is that they say they will streamline it so that I don't need to come up with butt loads of documents.
Will see.
Home equity loan??? Here is a dangerous thought for all you guys with LBA. Why don't you guys take out 10 grand and buy all the lenses you ever wanted once for all?
Well if you "need" A*1200, that is about all you can get with that . . . . .