Answers (8)
- bapm777
- Contributions:5
Thanks
- Clay Branch, "Georgia Loans"
- Contributions:8819
If your P & I payment is about $1507 then I would not do anything with that loan.
- bapm777
- Contributions:5
On my 1st house my total payment 2300. my taxes are about 9000. which brings my payment to about 1507.
- Clay Branch, "Georgia Loans"
- Contributions:8819
Using a rate of 2.75% on a 5/1 and to payoff in 5 years, the payment would be aprx $2206. Is your current P & I payment about $1700?
- bapm777
- Contributions:5
Approx. 120
- Clay Branch, "Georgia Loans"
- Contributions:8819
and the balance on the 1st?
If you plan on holding the vacation home and cash flow is not an issue, I would look at a 20 year on it.
If you plan on holding the vacation home and cash flow is not an issue, I would look at a 20 year on it.
- bapm777
- Contributions:5
My primary home is probably worth now 375. My second home I bought at a short sale for 300. I owe approx 220 on my second home.My credit score is fantastic.
- Clay Branch, "Georgia Loans"
- Contributions:8819
It may make sense to refinance both depending on your credit, loan size, and a few other factors. What are the loan balances, your credit score, and estimated values?
Refiancing on two mortgages
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