Texas Real Estate Q&A Discussion Forum
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
Is refinance the way to go?
This is very important to me as I have never purchased property and now I need to in a very short time frame. My sister and I each have 50% ownership in 20 acres in Poolville, TX. My house is on the 20 acres and now my sister wants to sell her 50% interest in the property. She has offered a good price of 100,000.00. I found a lender who is willing to finance the 100,000.00 as a refinance at 5% adjustable rate. I have a credit score of about 700. Is this the right way to go? Do I need to be aware of any issues? Please help as my sister wants to close by next month.