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Updated over 5 years ago on . Most recent reply

User Stats

151
Posts
17
Votes
Alvaro Rodriguez
  • Specialist
  • Houston, TX
17
Votes |
151
Posts

Advantage/disadvantage of refinancing

Alvaro Rodriguez
  • Specialist
  • Houston, TX
Posted

I have around 25% equity in my house. House is worth $220k and I have around $55k in equity. Would refinancing be a good idea giving the fact that my credit has improved? Also, I was thinking about refinancing to take that money out and invest in another house. How does the refinancing process work?

Thank you

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