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Updated almost 8 years ago on . Most recent reply

Matt M.'s profile image
Matt M.'s profile image
Matt M.
  • from San Antonio, Texas
  • Member since May 19, 2015

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Matt M.'s profile image
Matt M.'s profile image
Matt M.
  • from San Antonio, Texas
  • Member since May 19, 2015
Matt M.
  • San Antonio, TX
3
Votes |
26
Posts
Creative Real Estate Financing

Refinance 15 yr into 30 yr??

Matt M.
  • San Antonio, TX
Posted

Currently my house is on a 15 year mortgage but I was considering putting it back on a 30 year note to free up some cash for investing. Has anyone done this before? I know I will pay more in interest but with the extra cash every month I'm hoping to turbocharge my REI. Any thoughts?

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Alexander A.'s profile image
Alexander A.'s profile image
Alexander A.
  • Investor
  • from Indianapolis, Indiana
  • Member since May 22, 2015

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Alexander A.'s profile image
Alexander A.'s profile image
Alexander A.
  • Investor
  • from Indianapolis, Indiana
  • Member since May 22, 2015
Alexander A.
  • Investor
  • Indianapolis, IN
82
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143
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Alexander A.
  • Investor
  • Indianapolis, IN
Replied

What is your current interest rate on the 15 year?  And what would the new interest be?  

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