Any advice? Monday appt. w/bank!?

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After many years, I have finally freed myself financially from my ex. Unfortunately, I now have poor credit. My assest is my house. I wrote a proposal letter regarding a re-finance loan, for updates and such. They called me, and want to meet with me Monday. What should I know before I go in? What should I ask? Financing issues are still fairly confusing to me. I have familiarized myself, by researching online, however, I want to hear from the consumers, not the banks. Any advice off the top of your head would be most helpful; experienced/educated answers will be even better.

(Yes, a Quit Claim Deed has been signed and regestered.)

Any advice? Monday appt. w/bank!?

you need to bring in as much information as you can. You need to know how much your house is worth. You can compare this to how much you owe on your loan. This is your equity in the house and this is basically what you are going to use to negotiate the refinance. Having bad credit will mean less agreable interest rates for you, but there are things that you can bring up to make the refinance negotiation smoother. The improvements that you are making will have an impact on the value of the home. sometimes a little money will go a long way in the appreciation. I would highlite the improvements you are planning on making, the costs and future impact. When the loan officer looks at the refinance they will see that if you do default on the loan they will be more likely to get their money back. good look

Any advice? Monday appt. w/bank!?

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