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Updated almost 7 years ago on . Most recent reply

Should i refinance?
Most Popular Reply

You should be seriously looking into pulling out all the equity possible. Based on the opportunity value of cash and the risk posed by having dead equity at risk to a market shift.
All equity in the property is now only earning a return equilivant to the prevailing mortgage interest rates. That return is barley worth investing in based on cash having a opportunity value of a modest 10%. Your equity is reducing your possible returns not increasing your cash flow.
If your father has no use for additional income he could leave it where it is and not care if it is impacted in a market shift or he could pull it out and invest in a income fund or a REIT. Flip a coin.