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Updated over 7 years ago on . Most recent reply

Sean Wallin's profile image
Sean Wallin's profile image
Sean Wallin
  • Real Estate Agent
  • from Laconia, New Hampshire
  • Member since Apr 17, 2013
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Sean Wallin's profile image
Sean Wallin's profile image
Sean Wallin
  • Real Estate Agent
  • from Laconia, New Hampshire
  • Member since Apr 17, 2013
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Sean Wallin
  • Real Estate Agent
  • Laconia, NH
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Starting Out

Financing a second property

Sean Wallin
  • Real Estate Agent
  • Laconia, NH
Posted

Hello folks

I need some advice. I have a two family currently valued at 170 180 ish. It is rented bringing in 1900 a month. The current mortgage is FHA . I am relocating and don't want to sell it but leverage it to buy a primary in my new town. I have spoke with a few lenders and there isn't enough equity for a cash out refinancing . Is there any benefit to refinancing it a different way. Bank service is 1200 a month. Any creative ideas?

Thanks, 

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