Am I able to refinance?

[Joe Capobianco]

I purchased my SFR in 2017 for $150k. I have $100k left on the loan and have a couple questions regarding pulling cash out, changing the loan and closing costs. Making things easier let's just assume my home didn't increase in value the last 3 years.

1. Am I able to refinance from a 30 yr mortgage into a 15 yr mortgage 3 years after purchase?

2. Will I need to pay closing costs all over again?

3. If I stay with 30 year mortgage and do a cash out refinance, is 80% LTV the max that a bank will give me in cash?

Hopefully I asked these questions clearly. I’m trying to figure out ways to get some more cash for my next property while paying off this loan as quick as possible.