Posted on: 05th Jun, 2009 09:36 am
Hi,
We owe 74% of the current home value and would like to purchase an investment property (very safe, already rented out for above mortagage), have execellent credit scores.
We would like to borrow 85-90% LTV of our house. Any suggestions?
Thanks
N
We owe 74% of the current home value and would like to purchase an investment property (very safe, already rented out for above mortagage), have execellent credit scores.
We would like to borrow 85-90% LTV of our house. Any suggestions?
Thanks
N
Eric , I think refinace is not advisible in present market situation
sunil on what do you base your opinion? a couple of minutes ago, i answered a query you made about refinancing. why, if you have questions about refinancing, do you then have answers for the same topic?
also, please elaborate on the above answer - what is it about the "present market situation" that makes you think refinancing is not advisable?
please make sense with your answer.
also, please elaborate on the above answer - what is it about the "present market situation" that makes you think refinancing is not advisable?
please make sense with your answer.
eric, please go get some popcorn, too.
I would prefer not to refinance since we are at 5.25 now for a 15 year
Hi Guest!
Welcome to forums!
An interest rate of 5.25 for a period of 15 years is quite good. I agree with you that you should not refinance the loan right now.
Sussane
Welcome to forums!
An interest rate of 5.25 for a period of 15 years is quite good. I agree with you that you should not refinance the loan right now.
Sussane
nice to see something sensible posted on occasion. thank you sussane.