Posted on: 06th Jan, 2010 11:41 am
can you use ant type of loan for the refinance ie: 5 or 7 year adjustable, 15 or 30 year fixed, interest only, etc?
Yes. You are looking for a loan that best fits your situation. How long do you plan on residing in that property. Do you plan on keeping that home if you move. What payment best fits with your monthly income. ETC ETC
not over 7 years based on age. home would be sold.
What's the reason for your refinance? You can post here or contact one of us directly.
Further research revealed I cannot use a cash out loan since I have an AG exemption on my property. To consolidate I assume I can refinance my primary loan and equity loan at face value with no cash out.