Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Real Estate
Reply to "what's the lowest mortgage a company might refinance for a first trust?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]We have an elderly relative in assisted living. She still owes about $25,000 on her house, which is worth roughly $90,000. But the interest rate is in the mid-7s, since the last time she took a loan was sometime in the early 1990s. We're thinking we'd like to rent the house, but it seems silly to keep serving that note, which probably has another 10 years on it. Yet I don't think any bank would actually refi $25,000 to, say, a 15-year mortgage, would they? Also, she doesn't have any income, so I guess we'd have to cosign. Except the problem there is the Medicaid lookback rules. Anyone have any experience with this?[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
