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walker9842
Should I consolidate all my homes?
My home is worth $80k I owe $15k on it. Last year I have bought two other homes, paying $17k, and $27k. I'm in the process of rehabing the those two homes. I also have about $13K in 3.99% credite cards and $8k on my lowes card which I'll be paying 24% interest rate by May. I don't know what the value of the homes will be when completed I figure $50k each. But it will take a while to finish each. My daughter rents the larger home for $400.00 a month and the payment on that home is $350.00. I'm 43 and my wife is 48. For my age my health is in question, so I want to make a nice neat package for my wife should something happen to me. Should I refinance everything on my home? I really need to know what to do next.
1 AnswerRenting & Real Estate1 decade ago