I bought my house a year ago. My mortgage is almost exactly 50% of my gross income, so realistically I'm barely scraping by. My current interest is 6.25% and I bought the house for 20k less than its value.
There are a few things I'm not certain on:
Is it too soon to Re-finance with no money down?
How does equity and the house's value play into re-financing?
I'm about to receive a promotion soon, will this affect my Re-finance process? Should I wait?
Thank you for any insight.
Submitted March 04, 2020 at 09:05PM by Trinxxi https://ift.tt/2uSXipu
