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Updated over 1 year ago on . Most recent reply

User Stats

45
Posts
33
Votes
Nick Camizzi
  • Garner, NC
33
Votes |
45
Posts

How do you do this?

Nick Camizzi
  • Garner, NC
Posted

So I called the bank to do a cash out refi. For $150,000 mortgage on my primary. My payments will be $2000 a month with a 6.75 interest rate. I have all this equity & still can’t afford to have my money work for me in other investments. how do you manage this? In this type of market. I’m so frustrated. I know most of you are like it’s only $2000, but to me it’s a lot & can’t afford those types of payments. 

  • Nick Camizzi
  • Most Popular Reply

    User Stats

    74
    Posts
    43
    Votes
    John Cardinale
    43
    Votes |
    74
    Posts
    John Cardinale
    Replied

    have you considered a HELOC instead of a cash out mortgage? That's what I've used in the past and the flexibility of it is really nice.

  • John Cardinale
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