Question about interest rates

[David Trujillo]

Hello I am new to the Real Estate world and I want to ask if the interest rate raises if you pull a higher loan? I just need help because I am struggling on making my market portfolio and don’t know how interest work and I really want to get a full understanding of it.

[Zack Karp]

@David Trujillo I don't think anyone actually understands your question.

Are you asking about doing a cash out refinance? (pulling out cash on top of your existing loan amount)

If so, then the answer is yes, the rate will be slightly higher than doing a rate/term refi.

If that's not what you are asking, then please clarify.

And call your loan officer.  Don't rely on BP members to answer an unclear question.  Garbage in, garbage out.

Best of luck!