Need help with refi. - Posted by Cris

Posted by Robbie Burns on January 24, 2004 at 08:57:33:

Talk to a local mortgage broker. There are more questions that you need to answer before it can be determined whether you can do this deal.

Need help with refi. - Posted by Cris

Posted by Cris on January 23, 2004 at 21:13:45:

Hi,
is it possible to refi this SFR as a rental?. Located in a beautiful and appreciating area in Los Angeles.
AMV: 700k plus
rented since4-15-03 for 2,500k MTM lease, going to 2,650k in May.
We owe 365k.
other Income around 3600K monthly, very stable.
Credit 533/508, has suffered only because of ongoing problems with the servicing company known to refuse correcting their mistakes and have overcharged us. That’s mainly why we want to get away from them. We have no other debts.
Because this is such a good property, we would prefer to not to sell it, if possible.
Any suggestions, help, brainstorming ideas, will be deeply appreciated.