So I've had a divorce and need to pay the ex half of the house value to keep the house. I could refinance, take out the cash and pay her back from that.
Unfortunately according to the mortgage company I need a better credit score in order to take out money from the home. My credit's gone down due to the debt she left with me. The debt I'll subtract from the money owed her for the house.
So, can't take out money from the house until I improve my credit score. Can't improve my credit score without money from the house.
My other option is to take out some money from my retirement savings, use that to pay off credit cards, thus improving my credit score and this allows me to refinance the house and end this divorce.
Ideas?
<edit> MF a typo in the post title. now I look like an idiot.
Submitted August 30, 2020 at 09:56PM by portlandobserver https://ift.tt/3lx6RA2
