What Numbers Do You Look at Before Refinancing?
When evaluating a potential refinance, what numbers make it onto your checklist?
For example:
- Current property value
- Current loan balance
- New interest rate
- New monthly payment
- Closing costs
- Cash-out amount
- Rental income
- Debt service
- Future investment opportunity
I'm curious whether investors have a standard calculation they run or whether it depends entirely on the property.
What's the one number you refuse to overlook before refinancing?