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My husband and I (his income is not included in the debt to income ratio) would like to payoff our home equity line and refinance our home at a lower interest rate. Our home equity line is a floating rate loan, and we intend to pay it off within the next 12 to 24 months, but prefer to fix the rate and take out a new fixed mortgage at a lower rate, before interest rates creep up. We are both hard-working individuals with income- growth potential in the commercial real estate industry. I work as a commercial mortgage banker with one of the nation?s largest privately held banking firms and she works for a large multinational commercial real estate firm as a commercial real estate appraiser. We own a condo and a rental home in the area, invest well, and manage two other condo rentals. I assure all bidders that this is a very low risk investment decision on your part, due to the fact that we have always paid our debts on time and have never had a judgment or negative credit factor. |
