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REFI UNDEVELOPED PROPERTY ON CREDIT

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Money Talk > Real Estate

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cherlynns3
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REFI UNDEVELOPED PROPERTY ON CREDIT  Reply with quote  

I have a 16K bill at 13.99 until 2022. What are the disadvantes of moving that 16K as a balance transfer to a variable credit card of lesser interest?


How would relinquishing the property to the lender affect my credit?

Are there other options thAt would be recommended?

THANK YOU!
Post Wed Aug 18, 2010 2:43 am
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coaster
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The disadvantage is the uncertainty of an even higher interest rate.

Why can't you refi that as a normal property loan?

~Tim~

Eye Candy : Why Whimsy
Post Wed Aug 18, 2010 4:38 am
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