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Open Question: Debt consolidation or refinance? investment property question?

Open Question: Debt consolidation or refinance? investment property question?

This is a discussion on Open Question: Debt consolidation or refinance? investment property question? within the Mortgage Refinancing forums, part of the Mortgage and Loans Forum category; Ok heres the run down. I bought an investment home that was a real fixer upper. Using a heloc and ...

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Mortgage Refinancing If your current mortgage has a high interest rate, you’re stuck in an adjustable rate mortgage, or you want cash out or to consolidate your debt, the answer to your mortgage problems is refinancing. Mortgage refinancing allows you to pay off the remainder of your existing loan by taking on a new loan with better terms. However, there are a number of mortgage refinancing options available to you. And within each of these options, there are particulars you need to be aware of.

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04-21-2008, 03:52 PM

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Open Question: Debt consolidation or refinance? investment property question?

Ok heres the run down. I bought an investment home that was a real fixer upper. Using a heloc and credit cards to finance the renovations. House didnt sell in a reasonable timeframe so I rented it out (1 year lease that just started). Rent is covering mortgage but not the improvements. (30k) A lot of that was put on cards with a set 0% timeframe that is bout to run out very soon. Should I refinance or try a debt consolidation. Mortgage rates seem to be rising.

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consolidation, debt, investment, open, property, question, refinance

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