Work's been tough the past year and I got behind on my mortgage as well as evey other bill. I HAVE ABOUT $35,000 WORTH OF EQUITY in my home. I was wanting to cash out $25,000.00 to catch up and finish a few projects around the house.
Here's my problem. I've shopped around and since I've been behind I can't find anyone that will refi me at a rate of 10.65 % or slightly lower. They make it sound so attractive because I will be getting out of debt and they say that if I stay financially clean for a year that I could refi at a lower rate.
My current rate is 6.0% and I hate losing it. I still have 25 years left on this mortgage.
Any advice would be helpful...
