I involve assistance securing refinancing for my mortgage. I enjoy around $ 150,000.00 equity, and well-mannered credit rating.?

My home burned. It was a total loss, but I rebuilt another one. I've be told by a knowledgable person, (not a licenced appraiser) that my new home is worth upwards of $ 265.000.00. My current mortgage stability is around $ 114.000.00.

Prior to the fire, I was self employed as an owner/operator truck driver. Taking time off to modernize, left me showing no income for 2008. I need to refinance to pay packet off debt inorder to take a lessor paying brief.

Any suggestions or advice would br appreciated.
Answers:
According to your numbers, you have 55% equity. Assuming you hold the income to make the payments, lenders should be FIGHTING over this loan.

Note: There is no such thing as refinancing to salary off anything. You are only renaming the debt.

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