2nd home, rental, or stay puthomeowner with 100k mortgage (6.875%)with around 150k equity (1994 home)...debt to income ratio= 20%...annual inc = 120k...ficos high 700 to low 800...planning to upgrade to a newer 2nd home (275-325k) to live in (make the former as a rental?)...is this viable???should we refinance first...whats the worst/best case scenarios...we r excellent savers/good investors...45 and 47 years of age ...need advise...thank youJuly 13 2009 - Redlands00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.