Refinancing

[boskovich]

I currently own a 2 bedroom condo in Fairfax, VA. I rencently received my property assesment and it is way down as I'm sure everyone else's is as well. I am currently upside down in my mortgage and I was wondering if now would be a good time to refinance for a 30 year fixed and take out about $25k. My reasoning for this would be if I or my finance losed our job, we would be covered for about 12 months.(so he or I could get back on our feet) This is a scary time right now for a lot of people and I have a 4 1/2 year old that I would like to make sure has a roof over his head is taken care of. Any advise on this would be greatly appriciated.

[kira000]

I'm afraid that as this is a UK site, we arent likely to have the right info to help you!

Sorry!