Posted on: 18th Jul, 2009 08:53 am
can i refinance my primary home loan if i foreclose on a rental property i own?
you can apply for it. but there should be some gain behind it. if you are gaining at least 2% reduction in interest rate, it is worth to do it.
I am a coborrower with my father in law on the primary residence and want to refinance in a year or so without him and add my wife. What I want to know is if we go to do this in a year and I forclose on my rental will this be a problem?