I'm at a point that I need to figure a lot of things out before I run out of time and into trouble.
I have a couple of properties. One I'm trying to sell, but is going slow. The other has a lot of equity. I want to ty to refinance it, but it already has a decent rate for now. About 5%, 21 years of 30 left. When talking to banks trying to refinance it, they worried about my debt to income ratio.
We don't really need to refinance, just want to get it away from the company that has it now, and want to get an equity line to help get rid of other debt. Same as if we can get the other property sold. Use it to get rid of other debt.
We have a fha loan, should we try to refinance with a fha refi or go normal? Not worry about it, and just get an equity? And what besides credit reports do I Need to gather up so I can get a bigger picture? I'm married, so it involves both of us.
Submitted January 25, 2018 at 12:55AM by devoidz http://ift.tt/2DD7Vjk
