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I am underwater on my home which is both my primary residence AND a rental property

Profile picture for humanuman
the property is worth around 170,000 and i owe 190,000
it is in southern california
it has an old trailer on the property (unoccupied)
my only income is rental income from that property and one other (fully paid off)
and the loan is NOT owned by freddie or fanny
i have never missed a payment or been late on a payment
can i refinance to get my interest down from 6%
thank you!
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February 10 - Newhall
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Profile picture for ReMAX SCV Realtor
Is this land that you are speaking of with a trailer on it, or is there a dwelling?
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February 10
 
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DiscussionI am underwater on my home which is both my primary residence AND a rental property
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