Financing in Kansas City>Question Details

Dfrog, Home Buyer in Longmont, CO

I have a rental house in Ks., The house has a pos. cash flow of 500.00. ltv of 57%. credit sc. 750 . Refi. based on these facts alone? 7yrs rented.

Asked by Dfrog, Longmont, CO Wed Jul 7, 2010

loan now is adj. currently at 30 yrs.amort. at 3.67% It adjusts each yr. against LIBOR yr. 2.75% LIBOR. Option to reduce principle and have it reflected in payment amount. IL believe this a great to refinance to fixed. My personal income will not support more debt if the rental can't stand on it's own.

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