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All Forum Posts by: Christina Meitzler

Christina Meitzler has started 1 posts and replied 2 times.

Starting Out

Post: Cash refi. to fund real estate investements

Christina MeitzlerPosted
  • Wholesaler
  • Tacoma, WA
  • Posts 2
  • Votes 0

Thank you!!!  Makes sense!!!!

0 Votes
Starting Out

Post: Cash refi. to fund real estate investements

Christina MeitzlerPosted
  • Wholesaler
  • Tacoma, WA
  • Posts 2
  • Votes 0

My husband and I are totally new at all of this. We haven't yet stepped out into taking action, but are close.
We don't have cash funds available for RE investing, yet. We recently set up a HELOC as a way to have some access to cash but it's not a lot.
Yesterday, I reached out to our mortgage company to inquire about equity cash through refinance.  My concern is whether or not this is truly a smart move to take. 
1) Fees for refi. are incredibly expensive.  $8200 just to get access to about $18000 in cash.  2)  Our monthly mortgage payment will go up, obviously.  We live paycheck to paycheck, so this will have an impact.
Advice?  Suggestions?  Options?
So appreciate your time and help!

0 Votes