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Updated almost 3 years ago,

Kelly R.'s profile image
Kelly R.'s profile image
Kelly R.
  • Real Estate Investor
  • from Maumelle, Arkansas
  • Member since Aug 1, 2011
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User Stats

14
Posts
2
Votes
Kelly R.'s profile image
Kelly R.'s profile image
Kelly R.
  • Real Estate Investor
  • from Maumelle, Arkansas
  • Member since Aug 1, 2011
Connect
Kelly R.
  • Real Estate Investor
  • Maumelle, AR
2
Votes |
14
Posts
Buying & Selling Real Estate

refinancing to get cash out

Kelly R.
  • Real Estate Investor
  • Maumelle, AR
Posted

I was wanting some feedback, if its worth it to take 40000 equity out of my house for a future second house purchase before rates go up? I owe 83000 left with 13yrs left on the 15 yr loan at 2.75 % i have now, house is worth 165000. If i get a 30 year loan for 130,000 at 3.99% , that will give

me 40,000 cash back?

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