Do not change bank loans for rental property investment?
My husband and I bought a house rental investment in Sacramento in 2005, when the market was at its highest. We bought it at 410K with org. Loan of $ 320K. Now, the value drops to 200K. We have to be paid by other savings and income for mortgage payments. Recently my husband lost his regular job professionally. We hold this investment rentals, but do not want to hurt our credit rating. Is it possible? or is willing to keep the house if the bank to renegotiate the loan. The Bank will change when we have our mortgage and other investment income and savings (Children College Fund and pension schemes) see?