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Updated about 6 years ago,

Andrew Yu's profile image
Andrew Yu's profile image
Andrew Yu
  • Investor
  • from Little Rock, AR
  • Member since Jan 5, 2016
Connect

User Stats

120
Posts
37
Votes
Andrew Yu's profile image
Andrew Yu's profile image
Andrew Yu
  • Investor
  • from Little Rock, AR
  • Member since Jan 5, 2016
Connect
Andrew Yu
  • Investor
  • Little Rock, AR
37
Votes |
120
Posts
Innovative Strategies

High Monthly Payment

Andrew Yu
  • Investor
  • Little Rock, AR
Posted

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...

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