Posted on: 05th Oct, 2010 07:59 am
hi,
we just bought house in md. i rented my house in nj and got qualified for the house in md from fha. now the person who signed the lease just refused to move in and gave up his deposit. i am paying 7% interest with bank of america. will they refinance the loan to make it affordable so we can keep on paying mortgage until we find the tenent? the current mortgage is less by approx 500 dollars than ongoing rent. please help me find a wayout.
thanks
we just bought house in md. i rented my house in nj and got qualified for the house in md from fha. now the person who signed the lease just refused to move in and gave up his deposit. i am paying 7% interest with bank of america. will they refinance the loan to make it affordable so we can keep on paying mortgage until we find the tenent? the current mortgage is less by approx 500 dollars than ongoing rent. please help me find a wayout.
thanks
You can refinance with who ever you like as long as you qualify. Actually right now is a great time! Rates are phenomenal!