Can I refinance or modify a non-Fannie/Freddie/FHA loan on a rental property from an underwater interest-only loan?
Negatory

My wife and I want to purchse a home but we have bad credit we have enough income but bad credit to be approved
I reccomend you talking to a mortgage loan officer to get your scores and to determine how bad your situation really is. Sometimes it could be just a quick fix or paying off something that will make the deal happen for you. www.garywellner.com Kansas City, Lees Summit, Blue Springs, Mo.

Last year I had to sell my house as a short sale. My credit dropped to 630. How long before I can get a loan?
3 years for FHA and 5 years for conventional. Lenders look at a short sale like a foreclosure. Some programs will allow exceptions. Call for details.