- 2 years ago
- Wedding: May 2012
A little background: My ex and I bought a condo about 7-8 years ago when the market was super inflated…6 months later the housing market plummeted and we were left with a condo that we owed more on than what it was worth. Refinancing wasn’t an option until recently. I’m in the works of possibly refincancing my condo but the catch it I really want to try to sell it within a year or two. But as luck would have it, condos are hard to sell so I will possibly have to rent it out for a few years until I find a buyer. So my question is would it be bad to refinance my condo now, only to try to sell it in about a year? Or is refinancing and trying to sell so soon after be more trouble than what its worth? I would just love to reduce my intrest rate (because believe me its super effing high) and a lowered mortgage payment sounds amazing to me right now.
Also anyone who lives in Indianapolis want to buy a condo?! …figured it wouldn’t hurt to ask.