Updated about 11 years ago on . Most recent reply
Newb - Refinance Question
Not really sure WHERE to put this. I was always told if you have questions on here; ASK THEM...so I'm doing that.
It's regarding a tri-plex that I recently moved from (was house hacking); and am looking for creative ways to pull cash if possible.
Current Loan Age: 14 Months
Current Loan Amount: $287k
Interest Rate: 3.625
Approximate Appraised Value: $405k
The area where the tri is located has completely blown up; it is a bit nuts. Should I look at refinancing the home to pull out cash for REI; or is the Interest Rate too low to make that decision financially feasible?