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Updated about 11 years ago on . Most recent reply

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217
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Alex Silang
  • Real Estate Professional
  • Las Vegas, NV
63
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217
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How often can one realistically refinance?

Alex Silang
  • Real Estate Professional
  • Las Vegas, NV
Posted

What are the fees like?

Lets say you have 5k equity in the house you'd like to pull out. If it costs 2k to do it, it might not make sense.

Right now I am looking at how fast I can grow my business. Taking out equity is a critical part of it, but I need to know how often it can realistically be done.

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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
14,127
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

As often as a bank will make the loan and you will pay the price.

Realize that with $5K equity you're not getting a loan with any cash out. You'll need something like 15-20% equity to get any cash out. A lender isn't going to give you 100% of the value of your house.

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