Should We Consolidate Student Loan Debt Into Mortgage? – Rhonda

Question: Dear Steve, We are going to refinance our home, out of an adjustable rate, and wondering if we should bundle our kids’ student loan debt into the mortgage. The student loan interest rate is high and simple interest; the mortgage interest lower, of course. We are at about 50% equity. Should we continue to … Read more

Married, 3 Kids, Husband Has Cancer and Trying to Refinance Mortgage. – Anna

“Dear Steve, Married has 3 children and a husband who has a cancer.I’m the only one working and my husband’s SSS was freeze for overpayment ,that made it harder for our finances . I used credit card for most of our bills for payment and now waiting for my bank ( Bank of America ) … Read more

Can We Get a Loan on the Equity in Our House Without Refinancing? – Dorothy

We want to get cash out of our house, but wonder if we can do this without refinancing the house. Because if we refinance it will take longer to pay off the house. We have 6 more years to pay on it. We want to consolidate our bills with the cash. Dear Dorothy, If you … Read more

How Do We Refinance Our Interest Only Mortgage With Bad Credit? – Morga

“Dear Andy, We have a loan through American Home Mortgage I assume this is Bank of America. Right now it is an interest only loan with a rate of 6.75. There is no way to get it refinanced right now as credit ratings are poor. We have concentrated on getting everything paid off. How would … Read more

How Do I Refinance My Mortgage When It’s Underwater and I’m Loaded With Credit Card Debt? – Dan

“Dear Damon, I have about 53K in credit card debt (18K is @29.99). I plan to reach out to someone for help (still trying to figure out who to call first) for hopefully getting help negotiating a better deal on all the debt. I have house; assessed value is now probably 300k and my 1st … Read more

Refinancing My House After Bankruptcy. Who Can I Go With? – Jacquelyn

“Dear Andy, I am converting from chapter 13 to chapter 7 I am affirming my house but have 4300.00 in behind payments that I need help with. Is there any company that will refinance my house coming out of chapter 7? Jacquelyn” Jacquelyn, It will be very difficult if not impossible to find a lender … Read more

I Need to Lower My Mortgage Payment. – Josten

Josten “Dear Steve, I need some advice on how to lower my mortgage bill payment. We have to pay too much money, monthly just to keep this house. My family can’t pay this much and we may have to sell our home. Please I need some advice. How do I lower my montly mortgage bills … Read more

What You Need to Know Before You Refinance Your Home to Pay Off Debts

Consolidating your debt with the equity in your home can be a terrific money-saving strategy. The interest rate may be much lower than you’re paying on your other bills and, if you itemize on your tax return, you can usually deduct the interest you pay – making the effective rate of the loan even more … Read more

How Can We Find Someone to Refinance Our Home? – Kathy

“Dear Steve, We are in credit card debt of an incredible $40,000. We are trying to refinance our home…We owe $110,000 on it, but its assessed at $265,000. We are wanting to refinance to pay off the cc debt. The problem is, we can’t get refinanced because of our debt level and some late payments. … Read more

I’m Anxious to Refinance My House to Pay Off Debt If It Lowers My Payment. – George

“Dear Steve, Hi Steve, I have a $115K 30 yr mortgage at 5.25% and now have 20 yrs left. I also have almost $20K in credit card debt (13.5%) which is a minimum monthly payment of over $400, of which I usually pay more. This is killing me. I really want to get rid of … Read more

Single Mom Does Not Have Enough Left For Groceries. – Laura

“Dear Steve, I am a single parent who put my children through college, and now am $140,000 in debt with credit cards and student loans. I don’t have enough money left for groceries after paying bills. My home needs to be refinanced this year because my ARM is up. Will I be able to refinance … Read more