Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Short-Term & Vacation Rental Discussions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

3,318
Posts
4,716
Votes
Collin Hays
#3 Short-Term & Vacation Rental Discussions Contributor
  • Property Manager
  • Gatlinburg, TN
4,716
Votes |
3,318
Posts

Refinancing my STRs at 2.5% 30 year fixed!

Collin Hays
#3 Short-Term & Vacation Rental Discussions Contributor
  • Property Manager
  • Gatlinburg, TN
Posted

So I have mortgages on all of my properties, 30 year fixed with interest rates in the mid 5s. A credit union here is offering to refinance them for as low as 2.5%.  That saves me $1000 a month from now on, and I think at that rate I'll just go 30 years.  Why would I be in any rush to pay off a loan at 2.5%?   

I am in disbelief right now.

business profile image
SMOKY MOUNTAIN FALLS INC.
5.0 stars
1 Review

Most Popular Reply

User Stats

4,236
Posts
5,689
Votes
Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
  • Rental Property Investor
  • Tennessee Florida
5,689
Votes |
4,236
Posts
Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
  • Rental Property Investor
  • Tennessee Florida
Replied

I COULD have been the bass player for Guns n Roses but that didn't happen LOL 

Loading replies...