Stay for another year rent an apartmenttownhomehouse refin or sell our house?

Francoise
We'd would definitely needed more money nxt yr eventhough we'll getting our tax money (We're trying to pay off our card, car & hospital bills) We are torn whether to refinance or sell the house. Our plan really is to sell the house on 08 to move to a nicer area.We've made some renovations to it so we know that we'll be getting a good profit. Our concern is what if our house will be in the market for a longer time besides the market is bottoming right now. Is it worth it to stay for another yr or so?

Emeline
According to A. Greenspan, the worst of the housing market will be over by Spring. What you should do is refinance, rates are at the lowest in 1 year this month, then perhaps you should rent it. . Residual income is the key and they aren't making any more land.

Eilene
Don't run away from your home...talk to a good broker ( www.WestCoastHomeMortgage.com ) and find out what kind of payment you can get, and if you can turn a profit by renting the place while paying your new, lower mortgage payment.