Is there a tenant in place? If so, most lenders will take 75% of the rent (if it the same or lower then what the appraiser found for the area) and wash it from your PITI. If it i ... more
If you can afford to keep your townhouse and have a renter in place, do not sell your townhouse. Keep it. This is an income builder for you and will help you out in the long r ... more
I have been in teh mortgage lending business for 21 years.
call me and we can review your situation and I can give you an answer in min ... more