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Updated about 4 years ago,

User Stats

6
Posts
0
Votes
Jasmine W.
  • Residential Real Estate Broker
  • Chicago, IL
0
Votes |
6
Posts

Should I refinance or sell?

Jasmine W.
  • Residential Real Estate Broker
  • Chicago, IL
Posted

I'm looking for some advice...I purchased a 2 unit building 3years ago I live in one unit and renting out the other which pays almost all the mortgage. I'm ready for my next investment but also ready to move into a house (not wanting to house hack anymore). My multiunit is worth about 250k now of which I owe 143k with a 4.25% interest rate. I been getting offers to refinance at 2.75% so should I refinance or sell to purchase a bigger unit and a house? I'm at a stand still and don't know what to do HELP! 

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