Posted on: 18th Feb, 2009 09:03 am
I lived in the house till i got married.
i am on a 9.1 interest rate arm.
i rent the property, but still pay 400 dollars out of my own pocket.
my house value has plummeted below my loan value.
My arm actually dropped my rate from 10.6
My credit score is about 690
i am on a 9.1 interest rate arm.
i rent the property, but still pay 400 dollars out of my own pocket.
my house value has plummeted below my loan value.
My arm actually dropped my rate from 10.6
My credit score is about 690
you might try by having your spouse finance it as an investment property - not sure what the laws are in your state, but worth a look at I would think. Go for a fixed rate if you can, my score is only slightly higher than yours and got 6% fixed - but was not an investment property tho.
