Asked by Ugaskidawg, 31201 • Mon Feb 6, 2012
Last summer we moved from Florida and now live in Georgia. Because we could not sell our home for a decent price, we decided to rent it out and not take the hit financially. We secured renters, which is good, but we are now looking into refinancing that loan. We are looking at an FHA streamline loan and have already received estimates from two banks (understanding that our PMI is going to go up).
We are now in the process of looking for homes in our new area and have rented since we moved. We will need to get another loan and was curious if trying to refi and secure a new mortgage at the same time was feasible. We have good credit (both in the high 700s) and want to make sure that by refi'ing our old loan, it doesn't mess us up with trying to get a new loan. Any advice is greatly appreciated.
Real Estate in Macon
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