My Situation is somewhat complex, I own property in NY state, (Rental) 43,000 owed, assessed 78,000 last appraisal of 1998,....really high interest rate, (12.64) mortgage co, states they don't have a refinance program, so I have to seek other information from lenders that don't want to lend to non-primary resident owners. (property is rented)
I also own property in Va, Condo (presently live in)
I have been pre approved (va) for 250,000 with my sig other, should we continue to search and purchase single family home, before or after refi of rental?
The pre approval was for VA loan (retired Military)
Is it necessary to rent out condo first before purchasing single family home?
