Updated over 4 years ago on . Most recent reply
Refinancing with cash out or just refinancing
Hello Folks,
Needing some advice on if I should refi with cash out on my investment property or just refi it to bring my monthly payments down. Estimated value on my property is about 200k, 70k is what is owed. I can have this paid off with in 10 years and have supplement income or I refi today, take out 70% of my equity (60K) and reinvest in another property. If I refi, it would be for 20 years. Any input is welcome, thank you