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Updated over 6 years ago on . Most recent reply

Dyahanne Ware's profile image
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Dyahanne Ware
  • Member since Aug 21, 2018
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Dyahanne Ware's profile image
Dyahanne Ware's profile image
Dyahanne Ware
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Dyahanne Ware
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Starting Out

How to Refinance in Chicago

Dyahanne Ware
Posted

I have 2 investment properties in the south suburbs of Chicago and I would like to refinance and maybe take advantage of any cash-out possibility for a new purchase. I have interest rates of 6 and 6 1/2%, but the current lenders  tell me that there would be little to gain in a refinance. The initial appraisals were around $70K for each and each have about $45K principal. Any thoughts?

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