Mortgage Forum
Refinance with Interest Only Loan?
This is a topic titled Refinance with Interest Only Loan? made in the Mortgage Talk section, belongs to our Mortgage Chat category; I live in eastern mid coast Fl. We paid 260K for the house, but the est. value now is about 225K. My wife and I are expecting, so she will ...
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| Members List | Search | Today's Posts | Mark Read |
May 20th, 2008, 11:33 AM
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| Senior Member Registered: Apr 2008
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|  Refinance with Interest Only Loan? I live in eastern mid coast Fl. We paid 260K for the house, but the est. value now is about 225K. My wife and I are expecting, so she will stop working next month (right now, our income is approx. 10K/month). Oh, and I've just been reassigned to Colorado...the hits just keep coming I do not think I can afford to take such a big hit on selling the house and would like to rent it out. My mortgage is about 2100 per month, but that makes it quite unaffordable to a lot of prospective renters. I am thinking about an interest only loan for a while to ride us through, while being able to afford to rent elsewhere. What are your opinions? |
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| Topic | Started By | Category | Replies | Last Post |
| if I refinance a non-recourse loan.... | stellasimpson11 | Mortgage Talk | 1 | July 8th, 2008 07:09 AM |
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