PLEASE HELP ME!!!!!
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PLEASE HELP ME!!!!!
| Tue, 08-31-2004 - 3:11pm |
I haven't posted in awhile. I need help. My husband wants to got to a mortgage company instead of a bank to refinance our house and pay off all our credit cards. We would actually be going through a mortgage broker who charges 1% of the loan. In this case it would be 1800.00. Then we have the mortgage company fees on top of that. He said that the mortgage company is charging us more fees than normal becasue my husband is self employed. I don't like this guy. He seems greedy and fishy. HE called me this morning and wants to send an appraiser out tomorrow at no cost to us. How can he do that? How would an appraiser get paid? Anyway, has anyone else got their home financed through a mortgage company. I say we just keep paying the cards ourselves. I don't know. PLease help.
Thanks
Laura

Hi Lara,
We are also self employed.
Always Seeking Forever Learning
I think some important questions to honestly ask yourself first are...Are you living within a budget now? Are you still charging? Is this debt that's continuing to build or is it really just old stuff that you're struggling to pay down? Will you immediately close those cc accounts once they're paid off?
IF you decide you can handle it, you might consider going to a Credit Union
and/or a Home Equity line of credit instead. We recently opened one for some
possible home improvements and it cost us nothing and our interest is at prime
rate plus 1.
Best of luck! I hope it all works out one way or the other.