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Updated almost 6 years ago,

User Stats

14
Posts
5
Votes
Joshua Shull
  • Rental Property Investor
  • Annapolis, MD
5
Votes |
14
Posts

How To Pull Out Equity With Existing Mortgage & Home Equity Loan

Joshua Shull
  • Rental Property Investor
  • Annapolis, MD
Posted

Newbie here with my first question/post!

My primary residence has a mortgage and home equity loan. I have rehabbed much of the home and it is now worth more.

I’d like to refinance to pull the equity out to help finance a future deal.

Looking for ideas on the best way to do this. Should I get a whole new mortgage and home equity loan? Is there a way to re-up the existing home equity loan?

Just trying to get a feel for what the options even are, and how to avoid new transaction costs.

Thanks for the ideas/input!

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