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Updated over 2 years ago on . Most recent reply

Bianca Rodrigues's profile image
Bianca Rodrigues's profile image
Bianca Rodrigues
  • Rental Property Investor
  • Member since Apr 22, 2022
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40
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38
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Bianca Rodrigues's profile image
Bianca Rodrigues's profile image
Bianca Rodrigues
  • Rental Property Investor
  • Member since Apr 22, 2022
Connect
Bianca Rodrigues
  • Rental Property Investor
38
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40
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Starting Out

When is it a good idea to refinance?

Bianca Rodrigues
  • Rental Property Investor
Posted

I purchased my first property in 2021, fixed it and now is used as a short term rental. We have built equity in the home and would like to purchase another single family home/ multi-family but not sure if it makes sense to refinance. We currently have a 2.5% 30yr loan. Would it make sense to increase the mortgage on this home by refinancing to today's rates in order to pull equity for the next deal? 

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