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Updated 6 months ago on . Most recent reply

Chris Doucette's profile image
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Chris Doucette
  • Member since May 22, 2022
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Chris Doucette's profile image
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Chris Doucette
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Chris Doucette
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General Real Estate Investing

Should I Cash Out Refi or is it to good to be true?

Chris Doucette
Posted

Hi, I bought my 3 Family about two years ago, right now i am currently living in it with 1 unit being renovated and the other unit occupied. Recently in the mail I received a letter from a mortgage company telling me i could get $48k and bring my mortgage payment down from $3600 to $3000. I have been hesitant to do this only because my interest rate is 4.5% now. Any advice? Thanks guys.

Boston, Massachusetts
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