Should I refinance to stop the heloc rate from climbing?

Many seem to have some sort of mental "braking-mechanism" that stops them from doing the very thing they need in order to succeed: ASKING.If you want help, asking is the thing that triggers helping hands to take action.

The problem is, when the improvement monies are wrapped in the new mortgage the transaction thats higher (sales price boosted to include closing costs) causes me to borrow and improve more than the original offer would have been originally without agreement to include closing costs.

Keep all the money in house and become a one stop center for the home [email protected]

Depending on the stability of the purchaser you might want to consider carrying a small 5 to 10% sub-ordinate lien but keep in mind that they (seconds), aren't worth anything should the borrower decide not to pay.There's 100% financing availble for individuals having credit scores as low as 570 sub-prime and 95% LTV starting at 540 provided they possess sufficient tradelines.

You can normally borrow up to 50k that way.If you are a contractor and do the work yourself you will still have a hard time adding a second story and bathroom plus other repairs for under 50k.My swimming pool cost more than that.If you can pull it off however creative you get with it,you still have to sell by 01/07 and for 335k.or preferably alot more.

The guy even had the audacity to call MY APPRAISER and ask him to change the borrower name on the appraisal I PAID FOR into his name.

First, he stopped paying insurance.

You and your mom would be the borrowers.

I tipped her off and told her she'd be on her way to jail if she didn't stop.