Updated about 7 years ago on . Most recent reply
High Monthly Payment
Seller has a house bought 15 yrs ago, with interest rate of 11.3% for 30 yrs. Her PITI payment is $885/mo. Market rent is about $850. House basically doesn't need repair. Bought at 76K, worth about 80K now. Has mortgage balance of 63K. She can't refinance it due to poor credit score. How can I make this work or I shouldn't? It's 15 years into the mortgage though...