No. of Recommendations: 0
Kudos for giving this Fool board a shot, rather than waiting.

1. As mentioned....ebay stuff if possible.
2. Get hubby onboard. Even if he doesn't want to mess with the checkbook, maybe you can at least lay out your plans for him. It sounds like he is at least with you by being willing to work overtime.
3. If you can somehow get the first & 2nd down to a reasonable rate, that would help tremendously. I recently refi'd my first and a HEL into a straight HEL, taking cash out. I did this through BofA, and it worked out nicely. No points, or upfront fees of any kind. However, my credit was considered very good.

I just plugged numbers in quickly and got the following figures. Someone correct me if I'm wrong. My assumption is that you have a 30-year for both your 1st and 2nd? The 9.25% numbers are only off by ~$5, so I think I'm pretty close. I figured @ 8% for both and 30 year.

1st 9.25% $2,807
1st 8.00% $2,531

2nd 12.5% $ 918
2nd 8.0% $ 631

This shows you saving ~$563/mo. I dunno what the California laws are like. I do think it helped smooth my loan process by laying everything out at the outset, showing how much I was "saving" by using the cashout to pay off credit cards.

I'm curious as to what your 401k/IRA situation is. Normally, I don't feel it is a good idea to take a loan out against a 401k, or stop contributions, but in your case, you might consider it.
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