Updated about 2 years ago on . Most recent reply
How do you refi with current rates?
I have a rental property that I purchased 2 years ago when interest rates were at 3%. I have some good equity that would love to take out and buy another property, but how do you refi with todays interest rates so high? Thank you!
Most Popular Reply
@Raluca Ciobanu You don't. Pull a HELOC on the property (call your local lenders), buy a seller financed deal, or find money another way. Don't lose a 3% rate unless there's a great reason to do so.
We're under contract to sell a property that could cash-flow as a rental. We have a fix rate at 3.5% but selling nets us $85k! I don't care about the rate.