Have you looked at the balances on your credit card statements lately? Seriously? OMG!
Everybody I know has been "living" off of credit cards! How expensive is that? Well - If you have a $2000 balance on a credit card with an 18% APR it could take you 24 YEARS to pay it off if you simply pay the minimum balance!
If you've purchased a home in the Triangle during the last 24 months - and the value is less than $300,000 - you might qualify for a cash out FHA loan.
We are refinancing a single mom today who purchased a home last February. The FHA limits were not as high as they are now, and her conventional loan rate was 6.875%. We were able to pull $12,000 out of her home (which still left her over 5% equity), get her a better interest rate, and lower her monthly bills by over $585 a month! In addition to this - we saved her YEARS worth of interest that she could get no tax advantage for!