“Finally have enough Dollars to Refinance”
I'll have a nice chunk of $ when I get my taxes back. You think it's possible to refi New Britain property while the appraisal is still good? Josh
I
was in the process of refinancing his residence and an investment
property. The appraisal on the residence was great, but not the case for
the investment property. As a result of the appraisal Josh would need
to come up with nearly $8,000 to make the refinance work.
Even
though interest rates have risen about half a percent, he will still
save nearly $400 per month. Saving the $400 is great but his biggest
motivation is that he is still on title and current mortgage jointly
with his ex, so he is ready to end that chapter. He was supposed to have
the refinance accomplished at the end of last year so the timing is
very important.
Image courtesy of Vichie/freedigitalphotos.net
