. . asked:


I have debt totaling 30,000. I own a home in which I have over 150k equity in. I want to pay this debt once and for all. What would be the smartest way to do this? Should I refinance, take a home equity loan or set up a payment plan? My mortgage rate is 5.375 so refinancing would put me into a new higher rate since rates have gone up. I also have access to $10,000 in my 401k that I could borrow. I just want to make the right decision here. Any help would be great! Thanks.

Jeff

Brianne asked:


I do not own a home, and am thinking about filing for Chapter 13 Bankruptcy. The question I have is, after I am clear and my debts paid, is it impossible to get a loan to buy a home?

Micheal

Roxie Mae asked:


We are in the process of assuming the home we have been renting for 3 years (we have paid the mortgage for 3 years). When we assume the loan the house and existing loan will be in our names. We have never owned a home before so do/will we qualify for the 2009 tax credit?

Steve