Should I refi?

Question

People on here have said to refi in 2 months. Fine. However why can't I get the money now? I assumed a $245,000 mortgage on a home that is worth $400,000.

Answer 1

FORGET THE RE-FI.  GET A HELOC.hOME EQUITY LINE of CREDIT.  The beauty of them is first no points. If you get $100,000 in credit,you only pay on the amount you actually use. If you only need $50,00 to fix up the house or somethong then you only pay on the $50,00 and still have the rest at you disposal at ANY TIME.They are far superior to a re-fi. By the way your friend who told you to wait is a mor on.