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Updated about 6 years ago,

User Stats

7
Posts
1
Votes
Benjamin Chadwick
  • New Orleans, LA
1
Votes |
7
Posts

Rising interest rates? Worth it?

Benjamin Chadwick
  • New Orleans, LA
Posted
With interest rates rising how does it make sense when I can only get 70% Ltd out of banks ? Property value is 260k I owe 142k At 70% it’s like 38k our but mortgage goes up $345 a month cuts my cash flow from $1290 a month to 945$ a month? I guess it’s makes sense if I can replace my income with the new property? Any advice is welcomed.

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