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Answers (3)
"One other thing to consider is to check if refinance in your state is recourse or non-recourse loan."
Huh? Why would they need to consider recourse versus non-recourse unless they plan on defaulting? I read the word "sell" not "default".
Also... in 50 states of this union refinancing will change a non-recourse loan to recourse so what exactly are they supposed to check?
To Jaylor,
You need to figure out what your long term plan is. Actually, it sounds like a short term plan would do. You have defined 3 different scenarios in your short post and all require a different plan of attack.
A) Sell
B) Refinance
C) Refinance to pay off debt
In either case you need to speak with a professional about your options as they will differ based on your specific situation.
Find a Realtor for "A" (May I suggest, not Yo Yo)
Find a good loan officer for "B" and "C".
PS, Bellevue is cool, is Joe Tess Fish still there? Great stuff!
Huh? Why would they need to consider recourse versus non-recourse unless they plan on defaulting? I read the word "sell" not "default".
Also... in 50 states of this union refinancing will change a non-recourse loan to recourse so what exactly are they supposed to check?
To Jaylor,
You need to figure out what your long term plan is. Actually, it sounds like a short term plan would do. You have defined 3 different scenarios in your short post and all require a different plan of attack.
A) Sell
B) Refinance
C) Refinance to pay off debt
In either case you need to speak with a professional about your options as they will differ based on your specific situation.
Find a Realtor for "A" (May I suggest, not Yo Yo)
Find a good loan officer for "B" and "C".
PS, Bellevue is cool, is Joe Tess Fish still there? Great stuff!
One other thing to consider is to check if refinance in your state is recourse or non-recourse loan.
- Dan, "the_country_hick"
- Contributions:4700
Refinancing costs money. It usually takes 2 or more years to break even.
If you are going to sell do not refinance now. If you are going to refinance make it a long term loan not for a short time.
If you are going to sell do not refinance now. If you are going to refinance make it a long term loan not for a short time.
if I refinance my home does it mean i'm thinking of staying here? what if i want to sell it/
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