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Updated over 3 years ago, 05/15/2021

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11
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Steven A.
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11
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Refinance after forbearance

Steven A.
Posted

My wife was briefly furloughed (as a doctor) and we were concerned about Rental income at a short-Term stay property (we own three single family homes, including our primary). Turns out we made a lot of money during the forbearance. The banks tagged the missed payments into the end of our loans (no questions asked). I just threw the money at some credit card debt we needed to knock out. Our credit scores are back above 700 (after paying down CCs). I am hoping to do a cash out refinance in one of our rental homes, and refinance the primary. Does anyone think this will be an issue? Thanks!

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