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Updated about 3 years ago on . Most recent reply

Abe Macias's profile image
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Abe Macias
  • from San Antonio, Texas
  • Member since Jun 27, 2017
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Abe Macias's profile image
Abe Macias's profile image
Abe Macias
  • from San Antonio, Texas
  • Member since Jun 27, 2017
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Abe Macias
  • San Antonio, TX
1
Votes |
26
Posts
Private Lending & Conventional Mortgage Advice

Refinancing back to 30 Yr Loan

Abe Macias
  • San Antonio, TX
Posted

Good Morning everyone! So on one of my investments (duplex), I had refinanced it back in 2020 to a 15 year loan. Now, as our real estate taxes on that property jumped up significantly we are wanting to go back to a 30 year loan. Has anyone done this? Thoughts?

Thanks for your input!

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Abe Macias's profile image
Abe Macias's profile image
Abe Macias
  • from San Antonio, Texas
  • Member since Jun 27, 2017
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Abe Macias's profile image
Abe Macias's profile image
Abe Macias
  • from San Antonio, Texas
  • Member since Jun 27, 2017
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Abe Macias
  • San Antonio, TX
1
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26
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Abe Macias
  • San Antonio, TX
Replied

@Matthew Crivelli there are none, the only thing I would have to pay is $2k since they applied credit towards closing costs. If I wait it out until June of 2022 that penalty will go down to $1k.

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