All Forum Posts by: Humberto Campos

 Lol believe me, I'm working on it

 its only been a few months, less than a year. Ill admit I was naive enough to accept a loan with really bad terms to pull some equity out, since the original loan was for 285K. Current payments come up to 2265 after all costs included. 

Most recent info I've gathered has me looking at a 30yr fixed refinancing without pulling out additional equity, which drops payment to 1650. The saved $600 should help ameliorate for the tenant situation, at least while I find new ones to replace the problem tenants I have now. Thoughts? 

Hi, 

I became the owner of my family's property, and got a loan as an investor, now I'm wondering how I can lower the monthly payment on the loan by a few hundred $ per month.

Some tenants struggle to pay rent on time and have gone MIA for weeks at a time, making me fill up the gaps. 

The several hundred $ I've had to cover concerns me long-term, so what would be the best way to lower the monthly payment, given that the current loan is valued at $300,000, and the equity in the property is $150,000? My current credit isn't great due to some unforeseen medical expenses, and my salaried income is $60,000 per year.

Thanks to all ahead of time!