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Good News/Bad News about 2nd Mortgage

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    Good News/Bad News about 2nd Mortgage

    Just received my CMA from my Realtor. Good News: House went up in value. Bad news: there is now about $10K of equity to cover the 2nd mortgage--so no strip. I can live with it. The monthly payment is cheap and my wife won't have to file--so one of us with still have excellent credit. At least the CC's go away, which was my original goal. Also, as I mentioned in a previous post about getting a job: I finally got an interview with Sears..first interview in over a year. Maybe this is an omen. Will keep posting.

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