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Mortgage Community Forums | Loan Talk for First Time Home Buyers | looking for 1st loan on sfr rental; lots of equity. disabilitycaused low working income-

looking for 1st loan on sfr rental; lots of equity. disabilitycaused low working income-

Posted on: 20th Nov, 2010 06:27 am
have a high interest loan. i want to pay it off by taking loan on another propert: house rental Lots of equitty, rentals will easily sustain what i think new mortgage payments wii be. disability has reduced working income.
hi jdjesq,

as you have equity in your property, you will be able to refinance the mortgage in your name. you should contact the lenders of your area and apply for a mortgage refinance. the lenders will check your financial situation and let you know whether or not you'll get the refinance.
adonis
Posted on: 22nd Nov, 2010 02:41 am
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