Cash flow, Credit & LTV are equally important today. The interest rate you will be offered will directly correlate with the amount of risk these numbers show. It's a good idea to do your own analysis on this property. Looking at it objectively like a lender does will help you determine the cost benefit of continued ownership and whether selling or paying for a refinance is the better option. Please contact me if you would like a simple spreadsheet to assist with this analysis.
http://www.GregZaccagni.com - Sun Mar 1 2009, 09:58