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Ehab Habib
  • Jersey City, NJ
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Don’t know what to do

Ehab Habib
  • Jersey City, NJ
Posted

Pay off large lump sump

Of mortage or refinance and use money from refi to invest in another property and keep the large lump sum of cash as reserve I have a 3 unit and looking for another rental.

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Guifre Mora
  • Lender
  • San Diego, CA
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Guifre Mora
  • Lender
  • San Diego, CA
Replied
Originally posted by @Ehab Habib:

Pay off large lump sump

Of mortage or refinance and use money from refi to invest in another property and keep the large lump sum of cash as reserve I have a 3 unit and looking for another rental.

If you have a good rate now don't change anything but if you can benefit from a lower rate the end result is the same pull cash to re-invest.

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