Leveraging

[Rhonda Green]

I purchased a couple residential investment properties (single family homes) 6 years ago and refinanced for 15-year terms.  Now, I would like to leverage my money and have been advised to consider refinancing some of the equity out of the houses in order to purchase additional properties.  Sounds like a great opportunity for me to grow my portfolio but I only have 13 years left on these mortgages at 3.25% and not sure if it is still a good idea and pull out equity or wait and pay off for cash flow in 13 years.