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Updated about 2 years ago on . Most recent reply

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45
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33
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Nick Camizzi
  • Garner, NC
33
Votes |
45
Posts

How do you do this?

Nick Camizzi
  • Garner, NC
Posted

So I called the bank to do a cash out refi. For $150,000 mortgage on my primary. My payments will be $2000 a month with a 6.75 interest rate. I have all this equity & still can’t afford to have my money work for me in other investments. how do you manage this? In this type of market. I’m so frustrated. I know most of you are like it’s only $2000, but to me it’s a lot & can’t afford those types of payments. 

Most Popular Reply

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74
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43
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John Cardinale
43
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74
Posts
John Cardinale
Replied

have you considered a HELOC instead of a cash out mortgage? That's what I've used in the past and the flexibility of it is really nice.

  • John Cardinale
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