refinancing

[y26]

Thank you for the response everyone. Just an update I went with 25yrs. Also received my credit score 814 and 811 for my wife. Signed the documents now a wait and see. Maybe march but he is hoping for February closing. I guess lots of people refinancing. Making Homes Affordable made it happen...

[autoxer]

Originally Posted by y26

Thank you for the response everyone. Just an update I went with 25yrs. Also received my credit score 814 and 811 for my wife. Signed the documents now a wait and see. Maybe march but he is hoping for February closing. I guess lots of people refinancing. Making Homes Affordable made it happen...

I'm in the middle of the process also. Didn't even need an appraisal, and I know I'm underwater. Thanks Obama!

[amarowsky]

im curious, because I have definite interest in renting out property in the future if the situation presents itself to me. How do you run your property and market and manage your tenants? Do you use a property management company, do it your self, or a mix of the two?

[y26]

I manage my own properties. I have a 3 unit 3br each. Several resources available for tenant screening but i just use an applicaion and interview. I have been lucky with consistent tenants so i have not had to search much. Capital in the bank is a must for repairs and things like that.

Most likely when the market corrects itself i will get out and sell it.

For applications and things like that i just did a landlords forms search on google..