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Updated over 10 years ago on . Most recent reply

David Gauthier's profile image
David Gauthier's profile image
David Gauthier
  • from Germantown, Maryland
  • Member since Jan 21, 2014

User Stats

8
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1
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David Gauthier's profile image
David Gauthier's profile image
David Gauthier
  • from Germantown, Maryland
  • Member since Jan 21, 2014
David Gauthier
  • Germantown, MD
1
Votes |
8
Posts
General Landlording & Rental Properties

Refi

David Gauthier
  • Germantown, MD
Posted

I have a rental property with a $1013 mort. payment.  It includes ins and taxes.

I rent the property for $1050.  I owe 114K on the 145K mortgage.

If I refi I can drop the mortgage to under $800 month.  It seems like a good opportunity.

What am I missing?

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