Talkintoy
Contributor
I have this home 45 minutes away from my current residence. Heres the neg arm loan scenario:
Minimum only $1035.19
Interest only $1637
P and I $18xx
15 yr $xxxx
I owe $256k and line $64k and its probably worth the payoff on both loans.
Its was rented before for $1345 but now just sat for 4 months with no renter as i've been busy to show the home iamwithstupid Can someone advise on what i should do. Sell or rent it out again? Its putting a stress on my financial situation as my income is not enough to support this home and my current home mortgage. :smxE:
Minimum only $1035.19
Interest only $1637
P and I $18xx
15 yr $xxxx
I owe $256k and line $64k and its probably worth the payoff on both loans.
Its was rented before for $1345 but now just sat for 4 months with no renter as i've been busy to show the home iamwithstupid Can someone advise on what i should do. Sell or rent it out again? Its putting a stress on my financial situation as my income is not enough to support this home and my current home mortgage. :smxE:
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