confusedgirl99 profile image 60

I am a bit confused as to what the best path is for us to take. We purchased our home about 5...

1/2 years ago. Right now we are in a 30 year fixed rate mortgage at 6.125. We need to add on to our home, but we can get a very small amount of cash out since home values have dropped and we've only been here 5 years, so basically we are at our loan to value ratio.--we could get about $13,000 cash out, which is nothing. So, should we refinance now at a lower rate and take any available cash out that we can, than borrow from our annuity fund, have the work done, have the house reappraised after the addition, refinance again and take the available cash out to pay back our annuity? Or not? Or sho


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lctodd1947 profile image79

lctodd1947 says

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6 years ago
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