It matters to the bank since they have rules they must live with.If you're refinancing, go talk to them and see what they will do, no one here can say it will or won't work for you.

Refinancing is much cheaper than selling, by a LOT.

To reiterate something Andrew wrote, I think going to the local banks and asking who they work with is a great place to start.I'm currently refinancing a property and I was initially having a little trouble finding reasonable terms.

Spouses don't just go refinancing the house on their own.If you're really intent on running this down, you should call the lender and see what they say.I wish you well.

The home we inherited does not currently have a mortgage on it.We are looking at refinancing our primary residence, and I'm thinking there will be a tax benefit to shifting some of our debt to the rental property, but I was hoping someone on this forum can validate or disprove my thinking.Every year we end up paying the Alternative Minimum Tax, which makes a portion of the mortgage interest on our primary residence non-deductible.

Rate was at bit high but they have the option of refinancing in 2 years.

I recently became unemployed and have 4 rental properties that are at a loss because rents in general have gone down. Is there a way to work with my banks to lower interest rate without having to go through a full ref...

When I refinanced my construction loan 4 years ago, they took comps from 10 miles away, not exactly a "comp."

My point is,why is refinancing necessary??

I would net anywhere between $33 -35k at the end of year 2 or 3 when the buyer refinanced and paid me off.