It sounds like a refi would serve you well regardless. Lots of people rent a house despite having an income that shows that they could purchase for a number of reasons. As a custom home builder in the Rockwall/Heath area, we see it a lot. Talk to a few top notch real estate agents for accurate comps on the rental market. I can put you in touch with a few if you need a referral. Also, have a realtor check your tax value on your current home with the appraisal district and see if you might benefit from protesting your tax rate with the appraisal district since smaller homes could possibly be lowering the values in your area. Rockwall is notorious for inflating tax values a little to generate more income. Reach out if you need assistance. Good luck!
