Updated over 1 year ago on . Most recent reply
Types of Refinancing options.
Hello all I'm trying to figure out my next move. In 2020 I purchased a 1 bed & 1 bath condo and I have interest in pulling out the equity to use it to acquire another property to move into. The plan will be to then rent out my condo. Does anyone have any personal experience when it comes to refinancing their properties? If so which did you select and why?
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#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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- Fort Worth, TX
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#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
@Brandon Trotter just like how you got "prequalified" to purchase your home you can also get "prequalified" when it comes to refinancing too. A good loan officer should be able to show you different options that you would qualify for. That's what I would suggest so you can see what options you specifically have for this property.
Hope all of that makes sense.