Rising interest rates? Worth it?

[Benjamin Chadwick]

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.

[Matthew Barba]

@Benjamin Chadwick have you considered a first position heloc? You might be able to get interest only payments, which would maintain your cash flow and give you the ability to pull out up to 75% of the value as you need it. 

Matthew Barba