Tim

I am trying to figure out what word I can make with the following letters:

A A Z R D I A N M

The word should be defined as "Arrange in a unplanned order".

A recent divorce forces the need to refinance my mortgage. I am considering the FHA streamline refinance loan but I am not sure of all the details. I need to know if I can borrow more then I currently owe on my existing mortgage with this program. I have some other debts that need to be paid off with the equity i have built up in the home.

I purchased the home in 2009 for $110,000, still owe $107,000 (it was a HUD home and I had instant equity after closing).

The home is actually worth about $140,000 - $145,000, so in theory; I have about $33,000 - $38,000 in equity.

So my question is this: Can i borrow the full amount of what the house is actually worth or can i only borrow what I currently owe?

Ok, I don't really know where to begin so I am just going to start typing and see what happens. I recently got divorced and my ex-sife and I had our bank account, (2) car payments, and a mortgage together. All other accounts were in our individual names. Sinse the divorce we have split the bank accounts so that one is taken care of. My need for advise comes into play with the car payments and the mortgage. Since I kept the house; it is my responsibility to maintain that account and ultimately get it transferred into my name. I have tried to re-finance by myself and my credit is fine (711 credit score), but I was denied for the re-finance because my DTI ratio was too high. After doing some research and crunching the numbers; I realized that it was because of her car payment. Because the cars were purchased jointly; that is showing up as a "debt" on my credit report eventhough technically she is responsible for that payment. I went to her and asked what she/ we could do to remove my name from that obligation. We determined that she would go to her lender and ask for a quit claim deed. Unfortunately the lender doesn't offer this option and told her that she would need to qualify for the loan herself and then re-finance the vehicle in her name. She tried this but was denied because her DTI ratio was too high. This is because the mortgage and my car payment are also showing up on her credit as "debts", just as her car is showing up on mine. So here is my question: how do we get out of this mess? It seems as if we are trapped in this terrible cycle until these "debts" are paid off. Has anyone else experienced this situation before? If so, what did you do to escape this trap?