If you mean a modification to your home I don't know if I would refinance at all unless you absolutely have to. Borrowing close to the full value of your home can be very dangerous with the housing markets falling like they are. If something comes up in the near future forcing you to relocate you may find yourself not being able to get how much you owe for your house.
If you need to borrow the money to pay back what you had to borrow to do the modifications? Depending on what kind of interest rate you have right now you might be better off taking out a equity loan/2nd mortgage. Most banks right now are waiving all of the closing costs on a 2nd mort. whereas if you refi your first mort. right now you'll probably end up paying a lot of closing costs.
You'll have to weigh out your options and choose whats right for you.
Hope that helps.
Have you tried posting this question on the mortgage forum? You would get some really good responses there, they deal strictly with mortgage questions just like this. Just click the mortgage button at the top of the page and post your question there.
If you mean a modification to your home I don't know if I would refinance at all unless you absolutely have to. Borrowing close to the full value of your home can be very dangerous with the housing markets falling like they are. If something comes up in the near future forcing you to relocate you may find yourself not being able to get how much you owe for your house.
If you need to borrow the money to pay back what you had to borrow to do the modifications? Depending on what kind of interest rate you have right now you might be better off taking out a equity loan/2nd mortgage. Most banks right now are waiving all of the closing costs on a 2nd mort. whereas if you refi your first mort. right now you'll probably end up paying a lot of closing costs.
You'll have to weigh out your options and choose whats right for you.
Hope that helps.
Have you tried posting this question on the mortgage forum? You would get some really good responses there, they deal strictly with mortgage questions just like this. Just click the mortgage button at the top of the page and post your question there.
I post at the mortgage forum to...really good advice there.