Payoff Pending

The payoff of my wife’s loan is underway (two part process). So once this is complete, we will apply for another loan under her name and credit (should be an A or B range on the credit) to do the moving loan. Cost of the move, since one of you asked, is going to be around $10,000. This is the amount I’ve mulled over a couple of times even as a worst case scenario amount. There is some cash in our reserve, so I’m still crunching numbers to see what the loan listing will be for. The scheduling of our moving has yet to be finalized, so the farther out it is, the less money we will need. We will know the date of our moving sometime in the next two weeks. The old loan will be paid off during this period of time (her old loan, not my new one to be fair to lenders).

Thank you all again for your help and emails of encouragement during this bizarre period of transition for us.

It would figure that the moment I get the funding for the furniture loan the plans are finalized for an agreement to move to North Carolina for work! Excitement abounds, but now I have to find a plan B for the moving funds. Oh well… Thanks to all of the lenders who helped with the ‘Furniture’ loan as it now helps get us 2,100 miles from this heat to a new type of heat (humidity… what’s that?). Options I’m mulling over for the moving fund…

Cash out my work’s SIMPLE IRA (IRS penalties galore and then some)?

Cash out my wife’s 401k (IRS penalties, but not as bad as above)?

Payoff my wife’s Prosper.com loan in order to obtain a new one for more $$$ (debt with estimated interest of 12.5%)?

Thoughts?