Should We Refinance?

[Shashitha Francis]

We have a rental property which technically was our first home and our mortgage rate is at 3%. We are currently looking to buy another rental property. But since the interest rates are higher now, just wanted to know everyone's thoughts about doing a cash out refinance on the current rental property. 

[John Morgan]

@Shashitha Francis

I probably wouldn’t do it for only 60k unless you can get a great return on that equity. Your current interest rate is gold. That rate is an asset for you.