Time to Refinance????

[Chris Svendsen]

I was looking at rates and with them being at all time lows I think I am going to refinance all 3 properties I have, 2 rentals and primary.  On the rentals alone I can increase my cash flow by just under $300 a month and on primary I can pull out 50k to use for new property and keep payment the same.  Seems like a no brainer to me.  Who else looking at doing same thing?  If not why not?  Seems like a good time to lock in cheap money.  Especially if own outright, great time to tap into equity at extremely low rates.  Looking at doing a 30 year fixed at 3.650% or a 10/1 Arm at 3.250% on investment properties, even lower on primary.  Current rentals at 4.625% so a large drop in percentage rate should work out long term too.

Let me know thoughts.  Good idea? Bad idea?  Not sure?  Let me know your thoughts.