ok, update on my situation. I have to consider very carefully. I have been offered a new mortgage at 4.5%, but it's for 15 years. My payments will go up 60 to 75 a month, but the term is cut in half. Money is kinda tight now, due to some of my spend. I figured I had the mortgage done and newer car, so my credit score was not a big concern. I've used my credit cards to furnish my house with new stuff to replace the garbage and hand me downs I have been using. The point of me doing the refi was to lower the payment and get myself a little more comfortable in life with the new bills. On the otherhand if I stretch the budget a lil more I could have the house paid off in half the time. As far as the debt I've racked up I will have a nice chunked payed off at tax time. About 4k in tax return towards 11k of it plus what I pay off over the coures of a year. I should have it cut in half. My big concern is the winter months and the oil bill. On the other hand I do have a raise coming in October (I get a raise every 2 years), the last raise was about 2 dollars. I don't think we'll get that much this time with the current econemy, so I don't want to count on that too much, might only be 50 cents this year.
