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Updated over 5 years ago on . Most recent reply

Jasmine Franchesca's profile image
Jasmine Franchesca's profile image
Jasmine Franchesca
  • from houston
  • Member since Aug 11, 2019
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Jasmine Franchesca's profile image
Jasmine Franchesca's profile image
Jasmine Franchesca
  • from houston
  • Member since Aug 11, 2019
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Jasmine Franchesca
  • houston
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Starting Out

Cash out refinance to purchase a 1bd/1bathroom in a nice area

Jasmine Franchesca
  • houston
Posted

My first question.

I am thinking about refinancing my house and take out 50% (65,000) of home equity, to purchase a small condo in a very nice location. It is a move-in ready. Potential to earn between 300-500 after expenses.  

My current mortgage would increase close to $300/mo. 

Feedback is highly appreciated. 

Cheers!

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