All Forum Posts by: Danny Sok
Danny Sok has started 6 posts and replied 13 times.
Hey guys, I have been approve for 80-15-5 loan. I’m currently closing in on my cash out refinance soon. Is it best to close out my refinance first then go forward with my second property?? I really want to use the equity from my current home.(cash out refinance) But I have an advisor that suggest to go forward with my 401k as a leverage instead. And I’ll just save the cash out money for emergency. What do you guys think?
Post: Application process which first??
- Posts 13
- Votes 0
Hey guys, I’ve been approve for a owner occupant loan. I will doing 80-15-5 loan and I’m actually closing in on a cash out refinance for my current multi family home. Is it best to close out my refinance first then go forward with my second property?? I really want to use the equity from my current home.(cash out refinance) But I have an advisor that suggest to go forward with my 401k as a leverage instead. And I’ll just save the cash out money for emergency. What do you guys think?
Post: Application process which first??
- Posts 13
- Votes 0
Hey guys, I’ve been approve for a owner occupant loan. I will doing 80-15-5 loan and I’m actually closing in on a cash out refinance for my current multi family home. Is it best to close out my refinance first then go forward with my second property?? I really want to use the equity from my current home.(cash out refinance) But I have an advisor that suggest to go forward with my 401k as a leverage instead. And I’ll just save the cash out money for emergency. What do you guys think?