Wednesday, September 26, 2012

Negative Equite in Rental Property. Refinance Question. Please ...

I have upsidown property in LA , the current difference between loan and property value is approx 75K.
I have 6% rate with 235 loan for 30 years. I got a refinance proposal that will cost me 1785 APR cost and $1981 non-apr fees for 20 years at 4.34 rate.
The difference will be 133 dll less of what i paid now. The monthly rent is 1750 and the current loan payment is 2090. If i refinance i will just paid 133 from my pocket every month.
I wish I can sell the property but it is very hard so I am just waiting to see if the market get better so I can sell with not much difference.
I need advice if is worth it to refinance in this terms.
Thanks in advance

??Flag contentClose
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

8 hours ago - Los Lunas

Source: http://www.zillow.com/advice-thread/Negative-Equite-in-Rental-Property-Refinance-Question-Please-help/461337/

lil kim progeria what will my baby look like gary carter died cmas cmas tcu

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.