Will refinance loan through sale of another property in the existing portfolio which holds over 5 M in real estate assets with a high 80% equity rate.
My husband was ill most of last year with a staph/strep infection. He is well now and back to work. I work at a credit union league and my husband is a painting contractor. We both work full-time. However, our credit plummeted last year along with my husband's health. Currently, we are renting, but want to be paying on a mortgage note. We also want to pay off miscellaneous debts we incurred over the last five years. We would like an extra $10,000 to pay moving expenses and to add a few things in this home. If we are only allowed to borrow for the mortgage we are okay with that. Just let us know.
I plan to refinance just the outstanding loan amount eve if I have to put some cash upfront