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Fuck (bills)
Awww crap!
So my bank did a apprasal on my house and came up with a value of 143k. The value dan gave us that we used to determine nancy's equity was 150k.
The pay off for the existing loan + nancy's check is 112, they can only give me a home equity loan for 80% of the appraised value minus the mortgage. Since 80% of 143 is 114 I only qualify for little more than a couple thousand for the home equity and it's not worth their time to make a home equity loan for that small a number.
So somehow I need to come up with my share of the money I need to pay off our credit cards and close out the account to meet the demands of the decree.
So my bank did a apprasal on my house and came up with a value of 143k. The value dan gave us that we used to determine nancy's equity was 150k.
The pay off for the existing loan + nancy's check is 112, they can only give me a home equity loan for 80% of the appraised value minus the mortgage. Since 80% of 143 is 114 I only qualify for little more than a couple thousand for the home equity and it's not worth their time to make a home equity loan for that small a number.
So somehow I need to come up with my share of the money I need to pay off our credit cards and close out the account to meet the demands of the decree.
no subject
If so, it's not worth it for them for another reason - you'll get a lower interest rate, and thus pay them less money.
Go to another bank. They'll be happy to take your money.
no subject
the refi itself is approved, it's just the kicker on top to pay off credit cards
no subject
Also, if you go to another institution, be sure to clean up the yard before they send someone out to do an appraisal. First impressions mean a lot.
I may be in Austin in June, if you'd like some help (though, I really give more moral support than actual labor).
no subject
I am refinance the remaining note on the house and paying out nancy's equity
I was additionally attempting to take a home equity loan out on the remaining equity to pay off my share of our credit cards
unfortunantly the remaining equity was less than I had been led to believe
between what nancy is supposed to pay me and what I have in the bank I should be pretty close to pay off and I think the decree grants me 3 months to pay off the credit cards, which I should be able to do by scrimping a bit, I was hoping to have more loose cash but I'll take getting out of debt