|
House re-fi
I have been asking some questions lately for a few reasons:
1. Cost overruns on renovations to the tune of 12K.
2. Interest rates going lower then mine.
In seeking out offers I have found out my credit score is 775. I thought that was cool!!!
Bought it for 100K 3/07
My total owed is close to 80K.
It is assessed at 140K.
Supposed market value is 180K.
I would like to take 10K out of equity to pay off my overrun debt which my folks have absorbed right now.
Only way to get no closing costs is to pull out all the equity for a loan of 180K then pay it back over the next few months.
Am I missing something in wanting to do this?
__________________
1996 F-250 extended cab long box five speed. Home made Tymar, 203 Stat, 60 gal in bed fuel cell, 315/75's, no muffler, ebpv welded open 3" to 3" DP, Babies. 290K, still chugging, and still smoking when cold.
UPDATED 1/1/09 Replace so far. 1 LUK flywheel+clutch, 2 thermostats, 2 set of brakes, 1 set of calipers, 5 CPS, 3 sets of tires, 2 Transfer pumps, 1 Injector modual, 1 Computer, 2 Alt, 2 sets of batteries, 1 Water pump, 6 Belts, 1 PS hose, 2 Sets ball joints, 2 set u-joints, 2 carrier bearing, 2 Speed sensors, 1 oil pres sender, 1 temp sender, 4 sets of e-break cables, 1 front fuel tank, 2 rear fuel tanks, 2 set of glow plugs, 7 Glow plug relays, Oil galley o-rings, Turbo pedistal o-rings, EBPV o-rings, 3 sets of Injector O-rings, 1 Vac-pump, 1 new carpet, 1 total paint job.Total $$$ in repairs v/s miles driven = 4.6 cents per mile. Add fuel to that it jumps to 16.5 cents per mile over the life of the truck.
Last edited by MarkEkberg : 02-19-2008 at 02:58 PM.
|
