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Updated almost 5 years ago on . Most recent reply

User Stats

28
Posts
3
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Ehab Habib
  • Jersey City, NJ
3
Votes |
28
Posts

Don’t know what to do

Ehab Habib
  • Jersey City, NJ
Posted

Pay off large lump sump

Of mortage or refinance and use money from refi to invest in another property and keep the large lump sum of cash as reserve I have a 3 unit and looking for another rental.

Most Popular Reply

User Stats

874
Posts
355
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Guifre Mora
  • Lender
  • San Diego, CA
355
Votes |
874
Posts
Guifre Mora
  • Lender
  • San Diego, CA
Replied
Originally posted by @Ehab Habib:

Pay off large lump sump

Of mortage or refinance and use money from refi to invest in another property and keep the large lump sum of cash as reserve I have a 3 unit and looking for another rental.

If you have a good rate now don't change anything but if you can benefit from a lower rate the end result is the same pull cash to re-invest.

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