We are in dilemm here whether we should refinance or sell?
We are relocating to another state and we currently have our house on the market which we are having hard time selling. Should we refinance to lower payment and rent the house which we will cost us additional refinance cost or try to sell the house? The rent will cover the mortgage, tax, and insurance, which will break even and hoping to sell the house after maybe two year or so. Hoping the real estate market gets better by then.