There are many buyers who purchased in 2020 to mid 2022 who may owe more on their home than it is worth and need help to move on.I recently purchased a home with an assumable loan in November of 2023 with a 3.08% interest rate during a time when new loans were being written at over 7.5%!! 

Local courts here wont let me move my paperwork here and im too broke to travel anywhere. .

@Manny Martinez FHA monthly mortgage insurance is typically 0.85% of the loan amount, so you are effectively already paying the rate you were quoted, $200 per month on an $80,000 loan amount would be about the equivalent of a 3% interest only loan, now factor in the difficulty in finding a 2nd mortgage in todays rate environment that low and assuming the refi rate you are talking about is a fixed rate, your $200 extra per month is paying down the balance of the $80k further reducing the effective rate you are paying on the $80k, all while paying about the same effective rate on your existing balance when you combine your rate and MMI... seems like it is a good move to me or at least better than finding a 2nd mortgage.

It sounds like you may want to move faster. 

When we decide to move forward with one, we often get a premium on the sale price of the home AND the interest rate received relative to the market rate.I'm going to rant for a moment to try and unpack my thinking. 

Probably better once they move out and you are accounting for the deposit.I think you have two choices. 

After I moved from Arizona, I rented it out.

Hey,My name is Daniel Angelino and I recently bought a home in Chapel Hill.I moved to North Carolina almost two years ago from Pennsylvania where I have some properties.I would love to connect with other investors around NC to better understand the market, learn, and start to build a team here.I am looking for different meet ups/events in the Raleigh area to network.

Because of my limited capital and to avoid putting all my eggs in one basket, I’m moving more towards fractionalized.Unlike a brokerage, I only look at loan quality, I’m not motivated by commissions, thus less likely to lose money, in my view.

He verbally proposed an idea that I move in and pay rent on the whole property while collecting the income from the ADU.