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Updated over 4 years ago,
Cash out refinance options
Hello,
We have a townhouse in San Diego. We refinanced in 2019 and currently owe 428,000 with an interest rate of 2.75.
We want to leverage this property for cash so we can get cash for a new deal and would like to know any options for this. The market is appreciating well in the area right now as well.
Can we get a cash out refinance from a property that we already have refinanced once?
We wouldn't mind selling it either, but we have tenants living in it for another 9 months. Are there any options to get around this?
Any recommendations for real estate agents in San diego or lenders would be greatly appreciated.