Welcome folks,
There are 17246 Posts in 5558 Discussions so far. Use the 'search' for topics and people ↓

Refinance or sell house-What should I do?

posted by OmarV 29 Oct ’09, 3:25 pm

Well, first of all I think you could probably get more rent for that property but I don't know for sure. It's just what I think based on the tax value you posted. You should not be the one determining if you credit score is an impediment for you to get financing on that house, you have the property and you can use it as collateral, you should consult with a bank or preferrable a mortgage broker and let them tell you whether or not you can get that house refinanced.

I suggest you ask a realtor to give you a rents comparative market analysis report so you get an idea of how much rent you should be getting for that property and raise it.

Another thing you can do is try to reduce your proiperty taxes by protesting them.

Hope that helps.

This discussion so far ↓

• Refinance or sell house-What should I do? - dj2877, 29 Oct ’09, 1:34 pm
  • Refinance or sell house-What should I do? - OmarV, 29 Oct ’09, 1:46 pm
    • Refinance or sell house-What should I do? - dj2877, 29 Oct ’09, 2:27 pm
      • Refinance or sell house-What should I do? - OmarV, 29 Oct ’09, 3:25 pm
  • Refinance or sell house-What should I do? - joshalexd, 30 Oct ’09, 5:28 am