Your CD should stay where it is- that is why you put money in a CD. Yes, you should buy out your portion of the house and refinance together, there is not a reason in the world to keep going w/o your name on the loan- not just the title.
I have never heard of a title that says you have "40" percent of the house- you are either on the title or not. Still that doesn't matter- you are not getting Fico credit for on time payments for your work. A 690 and little over 700 together will not be bad at a CU for trying to refinance, however, I am wondering- not trying to be mean, but unless you and boyfriend are going to get married- do you want to owe for a house that you might break up over? You will have to think about this one.
Still something is not making sense- why is it you have so much money and yet score are a little bit below 720. You dont' have far to go.
On the rental house that pays for itself- it won't pay for itself if your renters default and can't pay their bills. That is what I mean that you should make plans for what happens if you have to evict them and pay ALL the bills, not just the mortgage, but everything that goes along w/ it- utils, taxes, any extras.
As far as buying two more properties and liquidating the one that you have, again, if no one can pay the mortgage what point is it? You must ALWAYS be prepared for them to walk out on you unless the mortgage is totally paid. And even if it is, you still have all the extra's to contend with.
Again, there is something missing here, why did your scores take a dip if everything else is ok? You say you maxed out everything else and just paid it off- what made it get that way? If you just paid everything off- you will see a jump w/in a couple of mos.
Any baddies, etc?
Message Edited by netpanther on
12-18-2007 05:17 PM