I’ll have to dig up my mortgage papers when I’m at home, so I don’t know the Index or Margin. The reset occurs at the end of 2010. The condo is in Rancho Bernardo. Great credit
I could probably rent out between 1100 and 1200. My cash out is $1700
New gig and situation has my income increasing slightly and I would pay in rent about what I could rent out my condo for.
Its definitely not a good situation – just trying to figure out the best route to take. My instinct is to hold on to the place and see what conditions are like in 2010. Either way, it beats coughing up the cash if I were to sell now.
