Updated almost 7 years ago on . Most recent reply
Rising interest rates? Worth it?
With interest rates rising how does it make sense when I can only get 70% Ltd out of banks ?
Property value is 260k I owe 142k
At 70% it’s like 38k our but mortgage goes up $345 a month cuts my cash flow from $1290 a month to 945$ a month?
I guess it’s makes sense if I can replace my income with the new property?
Any advice is welcomed.
Most Popular Reply
@Benjamin Chadwick have you considered a first position heloc? You might be able to get interest only payments, which would maintain your cash flow and give you the ability to pull out up to 75% of the value as you need it.
Matthew Barba