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Updated about 6 years ago,
Rising interest rates? Worth it?
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.