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Creative Real Estate Financing
HomeForumsCreative Real Estate FinancingRefinance or not to refinance?
Mario Essig's profile image
Mario Essig's profile image
Mario Essig
  • Rental Property Investor
  • from Austin, TX
  • Member since Jul 10, 2019
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Mario Essig's profile image
Mario Essig's profile image
Mario Essig
  • Rental Property Investor
  • from Austin, TX
  • Member since Jul 10, 2019
Connect
Mario Essig
  • Rental Property Investor
  • Austin, TX
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6
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Creative Real Estate Financing

Refinance or not to refinance?

Mario Essig
  • Rental Property Investor
  • Austin, TX
Posted Dec 3 2019, 03:26

I bought my first house using FHA Loan and the data is as follows:

Fixed Interest: 5.75%

Loan’s first payment was made on 01.01.2019

Term: 360 months

The question: I am a year in and I am wondering if it is worth or suggested to refinance to lower the interest rate and use the free cash towards my investment property. I am seeking ways of how to start out as a RE investor.

Aye or nay?

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